Wall Street Sentiment

逍遥山人

Wall Street Sentiment is one of many sentiment indicators we chart.  Wall Street Sentiment Survey data are provided courtesy of Mark Young of Equity Guardian Group. Data are complied from the results of a weekly survey of a group of experienced traders and technically oriented market analysts with a diverse set of analytical disciplines from Mark's message board at traders-Talk.com. Polling is conducted after the market close on Friday, and the results are normally published late Saturday. You can find more information on Mark Young's sentiment work at WallStreetSentiment.com.

What makes this sentiment survey unique is that the poll is taken after the close on Friday, and those polled are asked only to predict where the market will close as of the end of the following week -- up, down, or neutral (no opinion). In other words, everyone is on the same page, and only short-term projections are solicited.

Something I noticed when posting last weeks poll results was that bearish readings of greater than 65% often preceded price tops by a week or two. Reliability seems to be enhanced if a high percentage of bears occurs during an advance. I think this is unusual because, when sentiment indicators show strong bearish readings, a price advance usually follows.



The most recent reading of 75% bears has occurred during a modest advance, so it is probably a good idea to curb bullish enthusiasm.

Below is a longer-term chart to give you a better idea of the range of these sentiment readings.

李隆基

shafa

slcgh

sooners

回复 1# 逍遥山人


   

leftright

Poo

interesting. thanks

actionverte

Thanks

hunting

thanks,,,,,,

noname6688

thanks.  when sentiment reading >70%, market pull back after one week.
if this is so for Sep 17, seems Monday next week will pull back

bearish sentiment raise when and "before" short-term market top

southware

谢谢山人

wave

That is last week result.

linday

Those people are just like us, too bearish means market is probably going up, or vice-versa

linday

listen to yourself might be just as good as listen to others.

linday

acoust

blueblue9

Sep.2006, It's still up after this index peak

Fan8an

Thanks

丛林法则

熊熊都想烧啊。。。。。。