August 20th Blogger Sentiment Poll

The bullish sentiment continues...

Blogger Sentiment Poll Participants:

24/7 Wall Street (-) Abnormal Returns  Ant & Sons  Alpha Trends  Big Picture  Bloggin' Wall Street  Capital Chronicle  Carl Futia (+) Confused Capitalist  ContraHour  Controlled Greed  Crossing Wall Street  Crowder Blog  CXO Advisory (+) Fly on the Wall  Dash of Insight (-) Day Trade Team  Daily Dose of Optimism (+) Daily Options Report  Deal Breaker  Dr. John Rutledge  Elliot Wave Lives On (N) Fallond Stock Picks (+) Fickle Trader  Fresh Trader  Global Economic Analysis  Hedgefolios  Information Arbitrage (+) In The Money  Daily Blog Watch  Jack Stevison  Kirk Report  Knight Trader (-) Learning Curve  MaoXian  ChrisPerruna.com  Michael Comeau  Millionaire Now (N) Naked Shorts (-) Peridot Capitalist  Quant Investor (+) Random Roger's Big Picture (-) SeekingAlpha  SelfInvestors  Shark Report (+) Sigma Options  Stock Advisors  ShadowTrader  Tech Trader Daily  Trade King  Trader Feed  Trader Tim  Traders-Talk (+) Ugly Chart  Wall Street Folly  WindRiver Blog  Wishing Wealth (-)

Comments

[Mark Young]

The market has come a long way, so it may be ready for a test or worse, but there's some indication that we had enough pessimism for a good low.

Traders-talk.com's message board polls had a lot of confident Bearishness, and much more importantly HAS had more for some time. That's usually a set up for a turn.

Note, these guys tend to be right, near term, and especially (and rather impressively) at important turns, but when they get leaning too far, for too long, they're like every other trading demographic.

Here's a chart of the 5-day SMA of Fully Long Bulls/Fully Short Bears.

http://www.traders-talk.com/mb2/index.php?showtopic=75071