Thursday, January 11, 2007

Bullish Sentiment Update as of 1.11.2007

In the American Association of Individual Investors sentiment survey this week, AAII reports a decrease in bullish sentiment. As evident from the sentiment post last week, bullish sentiment can persist at higher levels for weeks at a time. As noted in past posts, this is a contrarian indicator--meaning high bullishness can be a signal of a market setting itself up for a downward correction.

(click on table for larger image)

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