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You might want to use something more dependable such as Investors
Intelligence Bull/Bear sentiment. You can find it in Barron's or IBD. I use
a web page: http://www.fiendbear.com/marketre.htm
I contacted the author and he said right now sentiment is still too bullish
to signal a major bottom. It does seem still too bullish:
Investors Intelligence: 52.6% Bulls, 23.7% bears; prev week: 52.5%, 23.2%
Daniel.
Lionel Issen wrote:
> Since there seems to be very few postings to this web site we may be at a
> market bottom.
>
> This sentiment indicator is similar to my public library indicator.
> Some time back I noticed that at market highs, at the public library, the
> shelves for stock market books were mostly empty; while at market bottoms
> the shelves would be stuffed with books.
>
> Don't bet the bank on this one.
>
> Past performance is no guarantee of future performance. :))
>
> Comments anyone?
> Lionel Issen
> lissen@xxxxxxxxxxxxxx
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