This week's poll is perfectly neutral.
Blogger Sentiment Poll Participants:
24/7 Wall Street (-) Carl Futia (+) Crossing Wall Street Daily Dose of Optimism (+) Dash of Insight (N) Elliot Wave Lives On (-) Fallond Stock Picks (+) Hedgefolios (+) Information Arbitrage (N) Knight Trader (-) Learning Curve (+) MaoXian Millionaire Now (N) Peridot Capitalist (N) Random Roger's Big Picture (-) Shark Report (+) Self Investors (N) STraders-Talk (N) Wall Street Folly Wishing Wealth (-) Word on the Street (N)
Interestingly, my Wall Street Sentiment Survey had dead even Bulls and Bears too last week.
Historically this usually implies a turn, typically around mid week. That's exactly what happened.
The good news for the Bulls is that we had less than 16% Bulls and 58% Bears this week. That's pretty Bearish.
I'll expound when the current poll is posted.
Mark Young
WallStreetSentiment.com
Traders-Talk.com
Posted by: Mark Young | March 03, 2008 at 08:52 AM