tsptalk
03-16-2004, 11:59 AM
From sentimentrader.com -
"The latest survey results from lowrisk.com show 16% bulls and 64% bears, giving a bull ratio (bulls / (bulls + bears)) of only 20%. This is the sixth-lowest bull ratio in the history of the survey, going back to 1997. The other weeks with excessively low bullishness showed weakness on balance over the next week or so, then the positive effects of overwhelming bearishness kicked in. After 12 weeks, the Dow was higher by an average of 6%, and was up every time but once (when it showed a loss of 0.4%). This type of attitude is not yet confirmed by the other surveys, but this is the first one to be released that shows the effects of last week and may be a sign of things to come."
"The latest survey results from lowrisk.com show 16% bulls and 64% bears, giving a bull ratio (bulls / (bulls + bears)) of only 20%. This is the sixth-lowest bull ratio in the history of the survey, going back to 1997. The other weeks with excessively low bullishness showed weakness on balance over the next week or so, then the positive effects of overwhelming bearishness kicked in. After 12 weeks, the Dow was higher by an average of 6%, and was up every time but once (when it showed a loss of 0.4%). This type of attitude is not yet confirmed by the other surveys, but this is the first one to be released that shows the effects of last week and may be a sign of things to come."