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Note,.... I am not affiliated with or a subscriber to
the LowRisk.com site or service...etc. I do find
this survey a useful complement to the other weekly
surveys...Consensus,...Market Vane,....AAII,...etc.
Jim Pilliod jpilleafe@xxxxxxx
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Below are the results of our weekly "Guess the Dow" sentiment
survey. The survey was taken from 1/3 through 1/9 on the
Lowrisk.com web site. Number of participants: 301
30 day outlook:
37% bullish, 56% previous week
46% bearish, 30% previous week
17% neutral, 14% previous week
Our sentiment data grew quite a bit more bearish last week. Bullish
sentiment dropped 19% to end at 37%. Bearish sentiment jumped from
30% to 46%. Neutral sentiment stayed relatively unchanged at 17%.
This is the first week since 10/24/99 in which bears outnumbered
bulls. This data is hard to interpret in light of last week's market
action. The SP500 and Nasdaq both had substantial losses for the
week, while the Dow eked out a very small gain. So while we would
normally view a big gain by the bears in the face of a Dow gain as
favorable for the bulls, we aren't so sure given last week's mixed
performance by the markets.
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