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.
Thursday, January 11, 2007
Bullish Sentiment Update as of 1.11.2007
Posted by David Templeton, CFA at 7:03 AM
Labels: General Market , Technicals
Subscribe to:
Post Comments
(
Atom
)
No comments :
Post a Comment