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Below are the results of our weekly "Guess the Dow" sentiment survey.
The survey was taken from 11/3 thru 11/9 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: 342
30 day outlook:
38% bullish, 39% last week
41% bearish, 51% last week
21% neutral, 11% last week
(percentages may not sum to 100 due to rounding)
Median guess for the DJIA closing value on Friday, 11/14: 7524 (it
was 7380 last week). More complete sentiment data is available at
<http://www.lowrisk.com/sentiment.htm> .
The big move this week was the drop in the bears from 51% to 41%. This
was to be expected as market prices continued their recovery from the
sell off in the last week of October. It is interesting to note that
bullishness stayed about even. The neutral camp appears to have
captured all the bears from last week. While the bears and bulls were
very close in this survey, the drop in bears suggests that a bit of
complacency might already be returning.
Winners of our weekly "Guess the Dow" contest 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
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RBI Trader's Weekly
http://www.lowrisk.com
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