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Traders,
Here is the latest sentiment data from my site. This info is also available
via a listserver...
good trading,
Jeff
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LOWRISK.COM
INVESTOR SENTIMENT SURVEY
3 / 2 / 98
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Below are the results of our weekly "Guess the Dow" sentiment survey. The
survey was taken from 2/23 through 3/1 on our web site.
Number of participants: 306
30 day outlook:
53% bullish, 40% last week
22% bearish, 28% last week
25% neutral, 33% last week
(percentages may not sum to 100 due to rounding)
Median guess for the DJIA closing value on Friday, 3/6: 8523 (it was 8385
last week). More complete sentiment data is available at
<http://www.lowrisk.com/sentiment.htm> .
Bullish sentiment rose 13% to 53%. Bearish sentiment dropped from 28% to
22%. The neutral camp dropped 8% from its high 33% reading last week. This
week isn't quite as easy a call as the last two weeks. Remember that in the
past two weeks the bullish sentiment dropped while the market hit new
highs. This had us feeling bullish, a posture that worked out pretty well.
Now the sentiment is finally turning bullish. The majority of the bulls
gains came from the neutral camp, though a big chunk came from the bears.
Still, a 53% bullish reading is not enough to worry the bulls in and of
itself. So we will call our sentiment results neutral this week...
Please stop by to take part in this weeks survey at:
http://www.lowrisk.com/guess.htm
More sentiment data is at: http://www.lowrisk.com/sentiment.htm
best regards,
Jeff Walker
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