Maybe as good a contrarian indicator as any, bearish sentiment amongst the sell side has hit a...

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CahaTrader Comments (114)
 
I'd argue that the curve needs to be readjusted to factor in the extreme bullishness from the doctor bubble. Like PE's, sentiment too was driven through the roof, and in the case of PE's those high levels are still being worked-off.
3 Jul 2012, 03:44 PM Reply Like

remurraymd Comments (2306)
 
(SPY) grinds higher on higher new lows up 100% from
a generational bottom of 666 in 2009 led out
by (XHB) (QQQ) even (IYT) participating lately bullish since
Charles Dow wrote 'Dow Theory' in 1932.Last high volume sell off was 5/10 flash crash lasted 10 minutes. More easing to come should be bullish. Sell offs on volume will be time to go but none in sight for now only an idiot would short a chart like this earnings will be choppy though.
3 Jul 2012, 03:56 PM Reply Like