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Market Watch: Dramatic Shift to Bearish Sentiment
Wednesday, April 24, 2013 0:16
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Not a bull in sight as the markets struggle to keep the rally alive. With all the sentiment exiting the bullish stance, will the market fool all the Zentrader contributors? To keep some continuity, back on April 1st, Poly and Chris were calling for an 8-10% correction from those levels. Another sentiment change to note is that I have been bullish since January 4th and have now switched to a bearish stance.
It’ll be interesting to see what happens now that the majority are lining up with some cautionary/bearish stance. This is what I had hoped to achieve with this sentiment pool to see if we can garner some sort of information when this sort of alignment happens.
