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A free weekly survey which has been useful from a
contrary point of view. Jim Pilliod jpilleafe@xxxxxxx
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LOWRISK.COM INVESTOR SENTIMENT SURVEY
11 / 22 / 99
The survey was taken from 11/15 through 11/21 on the
Lowrisk.com web site.
Number of participants: 479
30 day outlook:
54% bullish, 49% previous week
17% bearish, 32% previous week
29% neutral, 19% previous week
(percentages may not sum to 100 due to rounding)
Median guess for the Dow closing value on Friday, 11/26: 10,972 (it
was 10,675 last week).
Investor sentiment grew more bullish last week, and the bears all
but disappeared. The bearish reading of 17% is the lowest reading we
have had since 4/5/98. The five week moving average of bearish
sentiment is now 34.3%, the lowest reading since a 32.8% reading on
7/25/99 (right at the start of a 10%+ correction).
The bullish reading of 54% is starting to get up into the danger
zone. The bulls should really start getting nervous if this number
gets up to 60%. Meanwhile, the neutral reading is relatively high at
29%. We have noted a rough correlation between high neutral readings
and increased market volatility.
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