This week's AAII Sentiment Survey came in at 27% bulls, 50% bears.
www.aaii.com
Smells like a relief rally is very due.
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This week's AAII Sentiment Survey came in at 27% bulls, 50% bears.
www.aaii.com
Smells like a relief rally is very due.
Smart people have been saying that for days... so who is doing all the selling to cause the prices (currently the dow is down 275 points) to tank and when should we expect this rally???? at 10000?Quote:
Originally Posted by tsptalk
The last selling is almost always done by the dumb money, and because of that it usually goes down (or up) longer than you might expect as they capitulate. The new AAII sentiment extreme does not mean the bottom is in when the survey is published. It could be today, or maybe at 10,000 like you said, but time-wise it is probably within days away. That doesn't mean we don't want to sell any snap back rally. There is a lot of resistance overhead. Buying the panic selling is usually wise, but the pain can be very real while you're waiting for that bottom.
Both bulls and bears decreased this week from last week. The Neutrals are increasing suggesting a lot of uncertainty out there.
https://www.tsptalk.com/images/mb/2023/tsp-091423c.gif
https://www.aaii.com/