Markets Timing - Advisors Sentiment Bulls-53.8% Bears+21.5%
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Figs.were out Wed.May 30th c/o Investors Intelligence at 914-632-9422, NY.
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Quote:-
The Bulls slipped back a bit to 53.8% after two weeks at 54.3% as the markets treaded water. The advisors are still showing lots of restraint, with more new all-time highs intra-week for the DJIA and other averages. The slightly negative close for the DJIA broke a seven week winning streak and that index had buying climax last week.
That shows some distribution and there were over 300 individual stocks with buying climaxes. That was the highest level since the last week of February.
The Bears increased at 21.5% this week, up from 20.7% and 19.6% the last two issues. That latter reading was the fewest Bears since Aug.5th 2005. Too few Bears is a negative signal, but it is offset by the relative low number of Bulls.
Those advisors looking for a Correction moved down to 24.7% from 25.0% last time.
Copy 2007 Investors Intelligence, NY, USA.
DJIA hit a new high again, pt.& fig.remains bullish, take a look at www.stockcharts.comType in $INDU, then scroll down to "Point and Figure". Yahoo did not show the numbers this today. Closed 13,668 up+161 on the week. The p&f chart reversed up 4 sqrs.and is bullish. Gold $676+10, Crude $65+1.08, N.G.$7.88+0.06, US$ 82.32+0.02. Check reports on web tabs.
Charlton Capital Ltd. Mr.618