Friday, March 19, 2010

Bullish Sentiment Continues Decline And Market Moves Higher

The individual investor bullish sentiment reading for the week ending 3/17/2010 fell 9.9 percentage points to 35.37%. This level is below the average of the bullishness reading of 39.3%. Since January 13th, the less volatile 8-period moving average of the bullishness reading has declined from 42.9% to this week's reading of 36%. As investors have become less bullish, the market continues to trend higher.

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