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Below are the results of our weekly "Guess the Dow" sentiment survey.
The survey was taken from 8/18 thru 8/24 on our web site. If you would
like to participate in this weeks survey/contest, stop by
<http://www.lowrisk.com/guess.htm> .
30 day outlook:
53% bullish, 41% last week
27% bearish, 32% last week
20% neutral, 28% last week
(percentages may not sum to 100 due to rounding)
Average guess for the DJIA closing value on Friday, 8/22: 7895 (it
was 7827 last week). More complete sentiment data is available at
<http://www.lowrisk.com/sentiment.htm> .
This week's numbers took a rather strong turn towards the bulls this
week. Last week's volatility didn't seem to spook investors too badly,
and a lot more made up their mind about where they think the market is
going; neutral sentiment dropped from 28% to 20%. The bulls picked up
12% to 53%, while the bears dropped 5% to 27%. We are rather surprised
that bullish sentiment grew this strongly. The stock market did have 3
days of impressive gains, but it also had some dramatic selloffs.
We now have three sponsors for our contest this week. Weekly winners
will now receive a two month subscription to the Early Bird Club at
the Short Term Stock Selector AND a one year subscription to The Blue
Star List AND a one year subscription to Jack's Picks.
If you would like to try this weeks "Guess the Dow" contest, stop by
our site at: <http://www.lowrisk.com/guess.htm> .
regards,
Jeff Walker
mailto:jwalker@xxxxxxxxxxx
http://www.lowrisk.com
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