Everythng I read claims sentiment etc is at March 2009
levels. I wish I had gone "all in" back then, but I was
terrified and loaded with shorts long after March '09. So,
this time, I am going for it - very very long now.
We almost always see a bounce when the oscillator gets this
low:
Sure a bounce could happen but if you set your chart to start
1/1/2008 it looks like there are at least 7 times it went lower. At
least have a stop that won't hurt you too badly JMHO
Sentiment at March 2009 Levels
Posted by sethbru on 17th of May 2012 at 05:04 pm
Everythng I read claims sentiment etc is at March 2009 levels. I wish I had gone "all in" back then, but I was terrified and loaded with shorts long after March '09. So, this time, I am going for it - very very long now.
We almost always see a bounce when the oscillator gets this low:
http://stockcharts.com/h-sc/ui?s=$NYMO&p=D&b=5&g=0&id=0
Also, sentiment is lower than last year's Euro crisis
Posted by lessarda on 17th of May 2012 at 06:31 pm
but not even close to March 2009 levels on the II, or AAII or other surveys I see. AAII hit 70% bearish on 3/5/09 and is at 46% today.
Markets that can't bounce after significant selling are more prone to crash than recover.
Sure a bounce could happen
Posted by bkout3 on 17th of May 2012 at 05:50 pm
Sure a bounce could happen but if you set your chart to start 1/1/2008 it looks like there are at least 7 times it went lower. At least have a stop that won't hurt you too badly JMHO
I can understand taking in shorts and looking for a bounce here....
Posted by lessarda on 17th of May 2012 at 05:06 pm
but in no way is this March 2009 after 12 days of selling & a mere 100+ points on the SPX