Markets Advisors Sentiment Bulls-51.1% Bears+26.1%
Figs.were out Wed.25th c/o Investors Intelligence at 914-632-9422.
Web site www.analysis@investorsintelligence.com
Quote:-
In a modest surprise, the advisory service Bulls pulled back to 51.1% after reaching 52.7% last week. That occurred despite the record high closes for all four Dow Jones Averages on Friday. We had been expecting more bullishness as the markets rallied. That action has been shown steadily increasing since the early Mar.market low when the bulls were 45.5%.
The Bears moved up to 26.1% this week after slipping to 25.3% last time. That was the fewest bears since we counted 24.2% on Feb.23rd, as the averages were achieving their last highs.
The advisors looking for a correction moved up to 22.8% from 22.0% a week ago.
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DJIA again hit a record yesterday, 25th, closing at 13,089 up+136 the first time at the 13,000. The intraday high hit 13,142. My math chart target on this move is at 13,300 intraday. Watch for it. Charlton Capital Ltd. 618 and away we go.........