Markets Advisors Sentiment. Bulls up+53.3%. Bears dn-20.0%.
Figs.were out today, c/o Investors Intelligence at 914-632-9422.
Web site www.investorsintelligence.com
Quote:-
The Bulls increased to 53.3% from 51.7% last week, as the advisors finally showed a reaction to the market strength of the last four weeks. This is the most bulls we've counted since late January but both readings were well below last December's level. when the Bulls almost reached 60%.
The Bears ran for cover, falling to 20.0%, from the prior 24.7%. That large decline went mostly to the correction camp rather than the bulls. The current 20% reading is the lowest since Aug.5th 2005, when we counted just 19.3%. That is a negative factor.
Advisors looking for a correction moved up to 26.7% from 23.6% last time. This group is short term bearish, but longer term bullish.
Copy 2007 Investors Intelligence, NY, USA.
DJIA. Did you know, up to Monday 7th, the DJIA had gone up 24 days out of 27 and that was the first time since 1927. It wasn't long after that year, that we had the 1929 crash, the rest is history.
13,300 has been my math number that I gave you as a major resistance, the "next number" off my "math chart". We first hit that figure at 13,035 intraday, Aprl20th . First close was 13,089 Apr.25th and the record hit 13,410 intraday today May 9th. Closing, would you believe at 13,300 dn-9 and exactly on my "math number". A period of 21 days at the 13,300 level and still going like the Bunny.
The DJIA is now overbought but the charts remain bullish and the way it's acting, we must remind ourselves that the higher it rises the harder it will fall. Remain alert and watch the charts. Later!
Web site at www.Markets618.com
Charlton Capital Ltd. 618.