Public blog posts only as education and entertainment. private membership market updates reflect my view and analysis of the market. The information contained on this website and from any communication related to the author’s blog and charts is for information purposes only. The chart analysis and the market comments do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor. And i absolutely discourage trading options.
Monday, March 14, 2011
AAII sentiment is near the major market bottom level with the "WEAKEST" market correction in over 52-week
also charted analysis of %bulls, %bears, bulls-bears spread...
lots fears in the market, giving incidents of the middle east, north africa unrest, oil spikes, WWII degree disaster (from red cross) of earthquake, tsunami, neuclear.
with so much fears, the market only presented the weakest "correction" in over 52-week with both price and velocity, bears failed to use all these greatest fears to take care the business.
might not immediately, i expect bears, not bulls will under tremendous pressure going forward. the underlying buying force is unprecedented.
the numbers and charts speak, not just what people feel.
if you read my complete weekend report with every fronts, i believe you will see the broad picture and know what i mean.