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Pennant, so the bias is up as it's a continuation pattern.
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“Is the AAII Sentiment Survey a Contrarian Indicator?”
This study is for longer term: it looks out for the 26-week (six-month) and 52-week (12-month) periods following the AAII reading ... http://www.thewholestreet.com/cgi-bin/r ... NHAAEZYFMQ
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
“Is the AAII Sentiment Survey a Contrarian Indicator?”
This study is for longer term: it looks out for the 26-week (six-month) and 52-week (12-month) periods following the AAII reading ... http://www.thewholestreet.com/cgi-bin/r ... NHAAEZYFMQ
The Dorsey Wright BPNYSE has been has been creeping dn and now only has 0.82% to go to change to "O"s.This will indicate a change in trend to DOWN MKT.When it changes it stays for a few weeks
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volume surge, biggest bar, so hopefully a rebound here first. overall, nothing wrong yet.
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