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LOWRISK.COM
INVESTOR SENTIMENT SURVEY
11 / 30 / 98
brought to you by Investormap.com
the biggest directory of investing sites on the net.
http://www.investormap.com
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Below are the results of our weekly "Guess the Dow" sentiment survey. The
survey was taken from 11/23 through 11/29 on our web site.
Number of participants: 358
30 day outlook:
63% bullish, 52% last week
21% bearish, 28% last week
17% neutral, 21% last week
(percentages may not sum to 100 due to rounding)
Median guess for the DJIA closing value on Friday, 12/4: 9363 (it was
9125 last week). More complete sentiment data is available at
<http://www.lowrisk.com/sentiment.htm> .
Bullish sentiment jumped 11% from already highs levels to end at 63%.
Bearish sentiment dropped 7% to 21%, and neutral sentiment dropped 4% to
17%. The bullish reading of 63% is now clearly in the danger zone for the
bulls. In the 18 months we have been publishing, readings of greater than
60% have consistently been warning signs of impending consolidations.
Previous readings of 63% or higher were on 4/5/98, 3/22/98, 10/5/97,
8/8/97. All four occasion saw significant selling within a couple of days.
In addition, the 5 week moving average of bullish sentiment is now at 51%.
We consider anything above 50% on this measure as thin ice for the bulls.
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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