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Sentiment Update: Investor’s Intelligence Sentiment Poll
Investor’s Intelligence reports that Bullish Sentiment increased to 44.9% this week from 42.1% in the prior week.
Bearish Sentiment increased to 23.6% from 22.7% 23.3% and those expecting a correction fell to 31.5% from 35.2%.
Recall that in our article entitled Time To Be Wary of the Crowd? we highlighted that when the 10-week moving average of the percentage of bulls/(bulls+bears) reaches 69 or above, a bullish extreme is considered to have been reached.
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