THE DOT - if this turns orange or red be alert

Sunday, May 10, 2009

Sentiment update

The Citi sentiment is back to normal and the others are even relatively high (no extreme) which anyway supports a top is close view. The Citi Index will go up next week as well as most others are likely to join as the SPX closed at the high making the reversal very likely as the technical picture suggests.

High bullish readings in the Consensus stock index or in the Market Vane stock index usually are signs of Market tops; low ones, market bottoms.

Last Week2 Weeks Ago3 Weeks Ago
Consensus Index

Consensus Bullish Sentiment48%40%39%
Source: Consensus Inc., P.O. Box 520526,Independence, Mo.
Historical data available at (800) 383-1441. editor@consensus-inc.com
AAII Index

Bullish44.1%36.1%31.8%

Bearish33.343.638.6

Neutral22.620.329.6
Source: American Association of Individual Investors,
625 N. Michigan Ave., Chicago, Ill. 60611 (312) 280-0170.
Market Vane

Bullish Consensus43%40%40%
Source: Market Vane, P.O. Box 90490,
Pasadena, CA 91109 (626) 395-7436.
Citigroup Panic/Euphoria Model
Market Sentiment

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