Does the community of any insight on why https://www.aaii.com/sentimentsurvey was sitting at 72% Bullish on January 10th, then they immediately pulled the sentiment for that day down an hour later, then the Jan 13th results have now shown up with 100% Bullish rating???
Tactical Apprentice wrote: ↑Thu Jan 14, 2021 4:44 pm
Does the community of any insight on why https://www.aaii.com/sentimentsurvey was sitting at 72% Bullish on January 10th, then they immediately pulled the sentiment for that day down an hour later, then the Jan 13th results have now shown up with 100% Bullish rating???
..whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government..
I believe they crunch their numbers late Wednesday or early Thursday of each week, so the posted numbers for the week aren't necessarily accurate until late Thursday or Friday.
Since the previous posts, they've taken down the erroneous numbers for the past week. I expect the correct numbers later today or tomorrow.
Buy Fear, Sell Euphoria. The Neonatal Calf undergoes an agonizing birthing, while the Bear falls into hibernation.
“Special Note:
Due to a software error, the results for the survey period ending on January 13, 2021, cannot be tabulated. The issue is being resolved and we expect to post updated survey results next Thursday. The data for the previous week has been adjusted to reflect results from the period of December 31 through January 4.“
Tactical Apprentice wrote: ↑Fri Jan 15, 2021 1:26 am
Must be using that Canadian voting software again
That's pretty funny . . . during the Selection controversy recently, I actually walked by the Dominion Voting Systems office located in Toronto. Pretty unassuming (close to Chinatown) from the outside, although I did get the side-eye from the security guard.
Buy Fear, Sell Euphoria. The Neonatal Calf undergoes an agonizing birthing, while the Bear falls into hibernation.
I guess they used the same 10 or 15 buck per hour coders Boeing used to come up with their software for the 737. The service they provide is quite easy to duplicate. This is the second time in 3 weeks that I have noticed this error, before this new upgrade to make things look more glitzy, things worked fine and they had no issues for years on end. Everything that shines is not gold, sometimes it turns out to be shit that is yellow
All a bit strange! The previous week said around 54% bullish (I think) and then they revised the figures down to around 45% due to a software error, with the latest bullish figure coming in at 42.5% and bearish numbers rising. Puts a very different perspective on what was looking quite bullish and so a probable pull back at some point, now more bearish and so perhaps we could see a surge higher before any pull back.
The new president honeymoon period?
Any thoughts from others?
The person without the Spirit does not accept the things that come from the Spirit of God but considers them foolishness, and cannot understand them because they are discerned only through the Spirit.
I think sentiment surveys like the one from AAII are helpful in gauging sentiment, but I'd be careful putting too much weight on it alone, because is their money where their mouth is? And is this group sufficiently representative of all market participants? CFTC Commitment of Traders report (for the non-commercial players) can help answer the question of where the speculative money actually is. Last week's CFTC Non-Commercial positioning shows consensus still net short both SPX and Dow minis... You can also look at CNN's Fear & Greed Index, it's up but still not in the Extreme Greed range. I've been taking profits and building cash, so I'm ready for any buying opportunity, but I'm not holding my breath for an imminent sharp correction.
nicolas wrote: ↑Thu Jan 21, 2021 2:01 pm
I think sentiment surveys like the one from AAII are helpful in gauging sentiment, but I'd be careful putting too much weight on it alone, because is their money where their mouth is? And is this group sufficiently representative of all market participants? CFTC Commitment of Traders report (for the non-commercial players) can help answer the question of where the speculative money actually is. Last week's CFTC Non-Commercial positioning shows consensus still net short both SPX and Dow minis... You can also look at CNN's Fear & Greed Index, it's up but still not in the Extreme Greed range. I've been taking profits and building cash, so I'm ready for any buying opportunity, but I'm not holding my breath for an imminent sharp correction.
Yep, market can remain irrational longer than you can remain solvent. Chasing a hot market is a recipe for disaster
Thanks for advice guy's, I'm mainly in cash and waiting for a pullback before committing much more, just wanting other's perspective and experience on this particular gauge, wasn't aware of it until a few weeks ago when someone posted, certainly wouldn't rely on just one source. We're in a very strong bull market so not anticipating a crash, just trying to be disciplined in biding my time for the next good opportunity! As Sol said recently, better to be out of the market but finish the year well than in it and finish poorly, or something along those lines!
The person without the Spirit does not accept the things that come from the Spirit of God but considers them foolishness, and cannot understand them because they are discerned only through the Spirit.
