Investor sentiment as surveyed by the American Association of Individual Investors reported another increase in investor bullishness for the period ending October 4, 2007. Investor bullishness increased to 51.81% versus last week's 49.37%. The 8-period moving average continues to move higher as well, but remains in a longer term downtrend as detailed on the chart below. The bull/bear spread widened to 26 versus last week's spread of 15 and the spread in the period ending 9/20/2007 equaling 8.
(click on graph for larger image)