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Thought others might find this interesting....
something I receive for FREE,... and note I
am not affilited with these guys,..etc. etc.
The current readings are significant from a
contrary perspective,...notice how this survey
has become so "bearish" recently.
Regards, Jim Pilliod
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Subj: Lowrisk.com Investor Sentiment 2/21/2000
Date: 2/21/00 From: jeff@xxxxxxxxxxx
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LOWRISK.COM INVESTOR SENTIMENT SURVEY 2 / 21 / 2000
Below are the results of our weekly "Guess the Dow" sentiment survey.
The survey was taken from 2/14 through 2/20 on the Lowrisk.com web site.
Number of participants: 536
30 day outlook:
28% bullish, 39% previous week
54% bearish, 46% previous week
17% neutral, 15% previous week
The sentiment data we have been generating in our weekly poll has
been swinging all over the place. And the sentiment has been mostly
leading the market for the last few weeks. That trend stopped last week.
If you remember last week our sentiment data grew more bullish after
a week in which the Dow fell more than 500 points. This time the
bulls were not rewarded as the Dow continued to fall...this time
more than 200 points.
This week, our sentiment data did what we would expect. In other
words, sentiment grew more bearish as the market fell. Bullish
sentiment fell 11% to end at 28%, while bearish sentiment jumped 8%
from an already high reading of 46%. Neutral sentiment stayed almost
dead even, increasing 2% to 17%. That bearish reading of 54% is
starting to get up into the levels where we start looking for a
bounce. It could still go higher, but if it makes it up to the 60%
level we suspect the bears will start heading for cover.
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