The last time sentiment was so overwhelmingly bullish was 1987...

Car Key Boi

Well-known member
396 8
and we all know what happened that year...

- Car Key Boi :eek:

http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=19063828


AAII (http://www.aaii.com ).
6/25/03
Bulls 71%
Bears 9%
*
*
* 06/18 06/11 06/04 05/28 05/21 05/14
--------------- ------ ------ ------
Percent BULLS......: 56% 50% 52% 63% 38% 63%
Percent BEARS......: 36% 29% 19% 14% 36% 16%
*
*
IIA INVESTORS INTELLIGENCE ADVISOR SENTIMENT
Source: Investors Intelligence (http://www.chartcraft.com ).
* 06/20 06/13 06/06 05/30 05/23 05/16
--------------- ------ ------ ------
Percent BULLS......: 59.4% 60.2% 58.7% 56.5% 53.6% 56.0%
Percent BEARS......: 17.7% 16.1% 16.3% 20.7% 22.0% 20.9%
*
courtesy http://www.decisionpoint.com
 

Trader333

Moderator
8,590 922
I dont believe that this is comparing like with like. In 1987 there had been a 4 year bull run and the market had departed steeply from a normal trend line progression when it crashed. It then resumed along the original trend line although it took a while to get there. We have just had a 3 year bear run and although there are bullish signs the situation, in my view, is very different. Whether the market continues up or goes down, well no-one knows but markets are never as easy as taking one set of statistics in isolation and then making exact predictions.


Paul
 

Attachments

Car Key Boi

Well-known member
396 8
lol, i know one statistic on it's own means jack

and i don't think there will be a crash along the lines of 1987 - but i certainly think this recent war rally is over and the Dow might take a nose dive over the next month or so to around 8400 ish

but as yuo say, no one is really sure - but i'm gonna lay off the large caps and the techs for now until we get some better economic figures to justify the current values

i know, i'm a fundamental tard but i will use some basic TA to work out my entries and exits

don't get me wrong Paul, i have the utmost respect for TA tards but i refuse to trade a stock solely by looking at a chart, i gotta have the fundamentals to be in my favor as well

- Car Key Boi
 

Trader333

Moderator
8,590 922
I agree, the fundamentals dont look good and I also think the market may well go down but I have learned not to try and predict what will happen, just react to what actually does happen.

Cheers


Paul
 
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock