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Edwardsville, IL 62025
http://screencast.com/t/nAIrQ8uh4FH
SPX daily with NYMO indicator at the bottom
These results along with the negative divergence discussed on the NYMO are reasons to remain prudent (cautious) with chasing longs.
Another week, same condition: $NYMO divergence; exuberant bulls -- market up... small caps finally hit the 770 MAJOR horizontal resistance.
Wow - 17% bears! Big drop from last week...that's definitely a negative for the market.
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AAII Sentiment Survey
Posted by steve on 5th of Jan 2012 at 09:09 am
http://screencast.com/t/nAIrQ8uh4FH
SPX daily with NYMO indicator at the bottom
These results along with the negative divergence discussed on the NYMO are reasons to remain prudent (cautious) with chasing longs.
Another week, same condition: $NYMO
Posted by kalinm on 12th of Jan 2012 at 10:07 am
Another week, same condition: $NYMO divergence; exuberant bulls -- market up... small caps finally hit the 770 MAJOR horizontal resistance.
Wow - 17% bears! Big
Posted by pebs on 5th of Jan 2012 at 07:06 pm
Wow - 17% bears! Big drop from last week...that's definitely a negative for the market.
Big bullish AAII spikes have often come at bullish continuation points:
Posted by lessarda on 5th of Jan 2012 at 09:36 pm