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Traders,
Below are the results of our weekly "Guess the Dow" sentiment survey. The
survey was taken from 2/9 through 2/15 on our web site.
Number of participants: 340
30 day outlook:
40% bullish, 51% last week
28% bearish, 26% last week
33% neutral, 24% last week
(percentages may not sum to 100 due to rounding)
Median guess for the DJIA closing value on Friday, 2/27: 8385 (it was
8238 last week).
Bullish sentiment DROPPED 11% to 40% last week. Bearish sentiment rose 2%
to 28%. The neutral camp jumped ahead 9% to 33%. These results are quite
surprising given the continued market rally last week. This is the second
consecutive week of new highs combined with dropping bullish sentiment in
our Guess the Dow contest. This is VERY unusual and has us scratching our
heads. It is hard to view these results as anything but bullish.
Please try this week's contest at: http://www.lowrisk.com/guess.htm
Past sentiment data is at: http://www.lowrisk.com/sentiment.htm
best regards,
Jeff Walker
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jwalker@xxxxxxxxxxx
http://www.lowrisk.com
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