Wednesday, August 31, 2011

Premature Bears?

From last night's email:  
"Amazingly bearish sentiment remains High as PC ratios remain High, closing at 1.12 today. This supports the brief pullback idea before heading even higher afterwards. Most every E-waver on the various boards believe we are in a corrective wave 4 rally from the 8/9/11 Lows and everyone is expecting the next shoe to drop with a 5th wave to lower Lows. What everyone knows is not worth knowing or so the saying goes. This rally should last longer than most everyone expects."

The premature Bears are getting killed today as we rally to higher Highs.

PC Ratio is at 1.42 this morning with the market up +14 SP, is something brewing that the Bears know?

No comments: