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Below are the results of our weekly "Guess the Dow" sentiment survey.
The survey was taken from 9/29 thru 10/5 on our web site. If you
would like to participate in this weeks survey/contest, stop by
<http://www.lowrisk.com/guess.htm> .
Number of participants: 333
30 day outlook:
63% bullish, 55% last week
16% bearish, 26% last week
22% neutral, 19% last week
(percentages may not sum to 100 due to rounding)
Average guess for the DJIA closing value on Friday, 10/10: 8055
(it was 7948 last week). More complete sentiment data is available at
<http://www.lowrisk.com/sentiment.htm> .
This weeks sentiment numbers were strongly bullish. The 63% bullish
reading is the second highest weekly reading we have had since Guess
the Dow started in early May. The only reading that has been higher
was on August 7th at 66%. It is worth noting that the August sell off
started the next day. The bears dropped by 10% to 16%. Note that the
bears dropped more than the bulls gained. This is the fourth lowest
reading we have had for the bears. Neutral sentiment dropped by 3% to
19%.
This week we have a new sponsor for Guess the Dow. Winners will now
receive a complimentary quarters subscription to the RBI Trader's
Weekly.
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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