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Traders,
Below are the results of our weekly "Guess the Dow" sentiment survey. The
survey was taken from 6/1 through 6/7 on our web site.
Number of participants: 356
30 day outlook:
30 % bullish, 27% last week
50 % bearish, 57% last week
20 % neutral, 16% last week
(percentages may not sum to 100 due to rounding)
Median guess for the DJIA closing value on Friday, 6/12: 8850 (it was 8971
last week). More complete sentiment data is available at
<http://www.lowrisk.com/sentiment.htm> .
The bearish readings moderated a bit this week, but sentiment is still
extremely bearish. We find this very puzzling with the strong rally last
Thursday and Friday and the DJIA up 138 points on the week. It is hard to
view these sentiment numbers as anything but bullish.
To try this week's contest, stop by: 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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To subscribe: send mailto:gtd-request@xxxxxxxxxxxx with the word
"subscribe" in the body of the message.
jwalker@xxxxxxxxxxx
http://www.lowrisk.com
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