Sentiment Still Negative

April 17, 2008

AAII and II sentiment numbers continue to show bearishness among market participants. Whether its the media and/or consumer sentiment, market participants are feeling the same way about the market. AAII saw Bulls at 30.37% and Bears at 48.69%. While II saw Bulls at 37.8% and Bears at 38.9%. II tends to be a more reliable indicator of Investor sentiment, but the AAII shows you the crowd is not very bullish.

Continue to follow price and volume, we saw some volume yesterday and charts are beginning to look better. This isn’t 2003 but we can deal with taking some gains here.

Market Speculator

Posted by MarketSpeculator | Filed Under Market Commentary