AAii came out to show a drastic decrease in bullish sentiment.
While I already see many bulls misinterpreting this info
(their claim is that because sentiment is not as high as it was
weeks ago, that we will go higher). This is historically not
true -- most intermediate term tops are made after sentiment drops
considerably (At least for aaii data). Strong bullish
sentiment represents the middle of a bull run. Anyway, price
is most important (just nothing another indicator that is showing
this bull run is close to an end).
Divergent high on sentiment
Posted by kalinm on 21st of Nov 2013 at 06:05 pm
AAii came out to show a drastic decrease in bullish sentiment. While I already see many bulls misinterpreting this info (their claim is that because sentiment is not as high as it was weeks ago, that we will go higher). This is historically not true -- most intermediate term tops are made after sentiment drops considerably (At least for aaii data). Strong bullish sentiment represents the middle of a bull run. Anyway, price is most important (just nothing another indicator that is showing this bull run is close to an end).
Risk Off Indicator?
Posted by pwb8 on 21st of Nov 2013 at 09:24 pm
This currency cross chart is a favorite risk indicator of mine that shows a hanging man candlestick pattern developing.
Are we near the top?
Kalinm...thanks for posting the AAII
Posted by steve on 21st of Nov 2013 at 07:39 pm
Kalinm...thanks for posting the AAII data.