Kind Words from Terry Laundry, Founder of T Theory

"Parker has sent me what I consider to be the most important refinements to T Theory I have ever received from anyone in an e-mail . . . which he calls Tweaking the 13th Advance Decline T." September 29, 2010

"Parker has sent me a very interesting concept which is the NY Advance Decline line divided by the put-call ratio . . . What he's done is introduce the idea of sentiment." September 15, 2010

"Parker discovered the Money Flow Ts . . . This is something like the Holy Grail in T Theory. You are always looking for something that will help you refine the peak date." October 17, 201

"Money Flow Ts are probably the greatest new thing I have seen in 20 years in terms of time symmetries." December 5, 2010.
Showing posts with label Sentiment. Show all posts
Showing posts with label Sentiment. Show all posts

Thursday, September 16, 2010

$$ AAII Sentiment: Wildly Bullish

Bullish sentiment hit 51% this week in the AAII survey. It is the highest bullish sentiment of the year, topping the January 14 (47%) and April 15 (48%) readings.  

What happened earlier this year after bullish sentiment made a yearly high?  The S&P topped on January 19, falling 100 points in the next 13 trading days.  And the S&P topped on April 26, plunging 155 points over the next 7 sessions.

The spread between bullish and bearish sentiment is 27%, the highest reading since May 8, 2008.  What happened after May 8, 2008?  The S&P topped on May 19 at 1440 before losing 240 points in the next 38 trading days.  

Be careful out there.  
Posted by at No comments:
Labels: ,
Subscribe to: Posts (Atom)