|
PureBytes Links
Trading Reference Links
|
Hello All,..
Received this e-mail with results of the Low-Risk.com weekly survey,...with
their permission to post here on RT forum,...thought others might find this
interesting.
I find the results useful from a contrary perspective,..when readings are at
extremes,..etc. Have a good day to all.
Regards, JIM P.
********************
Subj: Lowrisk.com Investor Sentiment 6/12/2000
LOWRISK.COM INVESTOR SENTIMENT SURVEY 6 / 12 / 2000
Below are the results of our weekly "Guess the Dow" sentiment survey. The
survey was taken from 6/5 through 6/11 on the Lowrisk.com web site.
Number of participants: 353
30 day outlook:
53% bullish, 46% previous week
25% bearish, 39% previous week
23% neutral, 15% previous week
(percentages may not sum to 100 due to rounding)
The median guess for the Dow closing value on Friday, 6/16: 10,813 (it was
10,350 last week).
Last week was a very quiet one for the market, as the various indexes spent
the week trading in a very narrow range. While the market didn't move much,
our sentiment numbers tilted rather significantly towards the bulls. The
bulls picked up 7% to end at 53%. Bearish sentiment really dried up, falling
14% to finish at 25%. The neutral camp picked up some ground with a reading
of 23%.
These sentiment numbers provide a tough read this week, but we are starting
to see some pretty strong bullish sentiment. It has been a quick trip from a
bullish reading of 19% only four weeks ago to the current reading of 52%.
That 52% bullish reading doesn't have too much more room to climb before it
starts to get in the "danger zone" for the bulls.
The more participation we get in this survey, the better this sentiment data
is, so please stop by and tell us what you think the market is going to do:
http://www.lowrisk.com/guess.htm
best regards,
Jeff Walker
|