NDX 2008 vs AAI Sentiment Survey
AAII has an excel spreadsheet of their sentiment survey that goes all the way back to 1987. Last week was the highest bearish sentiment week they've ever had at 60.87%!
aaii.com/sentimentsurvey
In 2000 the highest bear sentiment it ever got was 51.1%.
In the week ending 10/9/08 it peaked at 60.84%. The US100 jumped 15% the next week, but the bottom was a month later, 11/20/2008. Then it chopped sideways +/-20% until making a double bottom 3/9/2009.
If this is anything to go by, we're in for some of the highest volatility yet; but a bottom should be nearing. Keep your eyes open, be nimble and stay frosty!
aaii.com/sentimentsurvey
In 2000 the highest bear sentiment it ever got was 51.1%.
In the week ending 10/9/08 it peaked at 60.84%. The US100 jumped 15% the next week, but the bottom was a month later, 11/20/2008. Then it chopped sideways +/-20% until making a double bottom 3/9/2009.
If this is anything to go by, we're in for some of the highest volatility yet; but a bottom should be nearing. Keep your eyes open, be nimble and stay frosty!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.