iBankCoin
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Joined Apr 1, 2010
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The Reason for the “V”

Survey Results

Sentiment Survey
Results Week ending 4/10/2013   Data represents what direction members feel the stock market will be in the next 6 months.
Bullish  19.3%
down 16.2
Neutral  26.2%
down 10.1
Bearish  54.5%
up 26.3

The latest AAII Bull Sentiment Survey, pictured above, had only 19.3 % bulls, marking its lowest reading since March 5th 2009.

The V-shaped move off of the selling we saw last week has been impressive, though not unprecedented since March 2009. However, for every time traders tried to front-run an immediate recovery to new highs off the kind of heavy selling and price action last week, there have been plenty other times those traders have been chopped up or punished. Thus, the risks have been elevated.

Part of the reason which may explain the sharp recovery to new highs this week is sentiment. If too many are looking for a correction, then it becomes increasingly unlikely to occur, at least on the type of time schedule most expect. Furthermore, it is tough to arrive at a major top with so many bearish.

True, sentiment surveys are categorically not the end-all-be-all, and carry their own margins of error. But it is tough to argue with these numbers as a general proposition.

Source 

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20 comments

  1. Sooz

    well now sh!t..
    I thought this was going to be about Vickie Secrets and sheer luon ‘Lemons’

    😉

    long both issues

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    • Sooz

      Ahh, forget about it..

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      • Sooz

        not certain if I posted this buy back..(?)

        03/19/2013 YOU BOUGHT
        532716107 LIMITED BRANDS INC
        Cash Shares: +*.000 Price: $43.2595

        sold first in which were acquired before earning and a portion of the above last in scoop..

        Status Filled at $50.70
        Symbol LTD
        Description L BRANDS INC COM USD0.50
        Action Sell
        Order Date 04/11/2013, 12:17:06 PM ET

        just keeping it real, all you beautiful people

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  2. jbran

    Trading stocks that have pulled back 50% from their rise off November bases, has worked and helps to create that V. The 3 D space and some manufacturing, ARII and DAN are a few. The top in the spring of 2011 took 6 months to complete, looking at the SPX weekly. It is a process as you have pointed out. Thanks for all your work.

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  3. Sooz

    all eyes off the sheer luons and their showing butt cheeks.
    I’ve been betting my sweet a$$ on this one..haha

    bear hugs there.
    cc Rhino..
    substantial long with cost avg just over 50 as stated on many different occasions here @ibank

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    • Sooz

      while the ‘Wild wild West’ (no Eastwood) are lilling themselves over gold.

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  4. Sooz

    *killing

    oops

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  5. Sooz

    not trying to be a smart azz..
    but d@mnit all he should have not addressed me as ‘Sir’

    hahah

    *Respect!!

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  6. Sooz

    I give up?

    sometimes..
    ;(

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    • Sooz

      I’m in awe of it’s strength, regarding issue above, especially given these market conditions.
      Props!
      I’m (slugger bull)lying LOooow with eyes on the ball.

      I did add back share of one of my all time faves IDCC Filled at $40.45 .. Wish I could be Apples cheerleader, today, but “Da~Bears” are much too determined.

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  7. Sooz

    I might have to start calling you Chess, ‘The Captain’, ala J. Cramer due to LULU sell off today.
    (just joshing you, of course)

    Have a great weekend, Chess.
    Thanks,as always…great video re~caps last night!

    I’ll be watching that 37. 50ish level from Nov 2012 -IDCC-
    would like to fully re~establish position.
    have to wait and see what the market decides to do here.

    ~Cheers to you and all your devoted work.

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  8. Sooz

    Just need to get this off my chest, if you will, as weeks have now passed.
    Staying humble in this line of work is so admirable..but..and this is a big (BUT)..
    The only way Mr. Goldsocks could have beat the SnP 2012 by 125% is if he shadowed all my trades.
    😉

    now onto more serious matters:

    I have had a hard time distinguishing the character of old pickrs that wanted to attach themselves(yet..mockingly detached themselves many years ago) to the most shocking news that took place a few weeks ago. Having little access to USofA news(blessing in disguise) I counted on the pages of ibank.
    It took everything within me to ‘NOT’ respond to any/all comments with my name attached which Seriously made me ill!! (not just here but on other blogs)
    For Crise Sake, some of those commenter created more ‘DRAMA’ on the pages of pickr then Goff ever could. Believe it or not?
    That , Chess, is beyond reality!

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  9. Sooz

    I think I made the same error on a ,’Smack the Sh!t’ out of a comment, post via Fly blog.
    Sorry about that ,if so, too..(?)

    D@mn that backassward ‘Bear’ math..

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  10. Sooz

    okay wait sec..
    that post belongs on one of your more resent posts today.

    oh well..

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  11. Sooz

    NICE!!!

    😉

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  12. Sooz

    would that be considered a spinning top in technical terms?
    yesterday at 10 am (ish)
    cc..IDCC

    it never made it to 37 and change but close enough for me..
    up nearly 5 basis pts. in 24hrs..
    ;)))))

    Have a great weekend, Chess.

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