October 4, 2004
Sentiment Update for the Week Ending October 1, 2004
Last week the market put in a “whammy” bar (gap down open followed by a close near the high), which has no doubt trapped a lot of folks on the wrong side. We’ll see how much juice this gives the market to go up. The ISE Sentiment Index (top panel of the chart) spiked up on Friday, which is bullish as well. All this in the face of $50 crude.
I post this “sentiment” chart every Monday morning, which shows exactly where I’ve put money to work over the last 12 months.
Vanguard Total Stock Market VIPERs, Weekly Chart
Cat: | Time: 7:25 am (utc+8)
