Thursday, January 17, 2008

Bullish Sentiment Rises: January 17, 2008

The American Association of Individual Investors reported bullish investor sentiment rose to 24.26% versus last week's 19.63%. Although the bullishness level rose, it remains below its long term average of 39%. Additionally, the bull/bear spread narrowed to negative 30% from last week's negative 39%. The 8-period moving average declined to 31.5% versus last week's 31.7%.

(click on chart for larger image)

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