Last Wednesday, Investors Intelligence registered a reading of 59.8% - the highest since 12/28/2005's 60.4%As seen by the graphic below, market letter editors are becoming more bullish and nearing the top end of the sentiment range.
I looked at the significance of the signals for two different market environments - 2000-2003 (bear market, 3 signals) and 2003 to present (bullish bias market, 11 signals).
I also included any signals since 1990 - totals only 26.
2 comments:
This is great!!!
Excellent graph charts.
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