II Sentiment

The jump in bulls and drop in bears in the Investors Intelligence survey was smaller than I expected. It is only a single indicator but according to it there is still a little more room before sentiment becomes extreme. I think sentiment is pretty extreme but would feel better going short if this indicator lined up.

1 comment:

Anonymous said...

Investor´s Intelligence usually diverge at tops, although I think that the bull market is not over yet.

On the other hand a correction is overdue.