Investor Sentiment: Retail-Oriented Trend Followers Are Too Bullish:

http://stockmarketchartanalyst.blogspot.com/

The following chart and text are an excerpt from our January US Financial Market Chart Book , which was distributed to Asbury Research subscribers on January 12th.

The chart shows that trend-following, weak-handed individual investors are at a 6-year bullish extreme on the US stock market.

The red vertical highlights between both panels show that these bullish extremes by individual investors have coincided with every important market top since 2005.

History tells us this is not a good thing.



http://www.decisionpoint.com/TAC/KOSAR.html

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Here are a few more reports out this week having to do with Investor Sentiment:

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The January 18th Blogger Sentiment Poll:





http://tickersense.typepad.com/.a/6a00d8341c924353ef0148c7bd4678970c-popup

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The Stock Market Has Been Overbought For 31 Consecutive Trading Days:

http://tickersense.typepad.com/ticker_sense/2011/01/overbought-31-consecutive-trading-days.html

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The AAII Investor Sentiment Survey:



http://www.aaii.com/sentimentsurvey/

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The NAAIM Survey of Manager Sentiment:



http://www.naaim.org/naaimadsenttrend.aspx

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Long-Term Mutual Fund Flows - January 19, 2011



http://www.ici.org/research/stats/flows/flows_01_19_11

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Happy Trading!...
zigzagman