Sept 16th, 2010: Update 3 – Mid-Day – Bullish Extreme Warning!!!
Posted by pugsma on September 16, 2010
12:10 pm EST: The American Associate of Individual Investors (AAII) Sentiment Survey is out for Thursday Sept. 16th. Bullishness has hit an extreme at 50.89%. This is higher than at the April 2010 top of 1220. Proceed with extreme caution on long positions, as a significant pull-back for wave (2) should begin very soon. My wave (2) targets are the 1084 to 1094 area on the SP-500. The Russel-2000 Small Cap issues are already correcting, down over -1.2% today.
Sentiment Survey Past Results
| Reported Date | Bullish | Neutral | Bearish |
| September 16: | 50.89% | 24.85% | 24.26% |
| September 9: | 43.87% | 24.52% | 31.61% |
| September 2: | 30.80% | 27.00% | 42.21% |
| August 26: | 20.74% | 29.79% | 49.47% |
| August 19: | 30.11% | 27.42% | 42.47% |
| August 12: | 39.76% | 30.12% | 30.12% |
| August 5: | 30.39% | 31.37% | 38.24% |
| July 29: | 40.00% | 26.67% | 33.33% |
| July 23: | 32.16% | 22.81% | 45.03% |
| July 15: | 39.37% | 22.83% | 37.80% |
| July 8: | 20.94% | 21.99% | 57.07% |
| July 1: | 24.68% | 33.33% | 41.99% |
| June 24: | 34.46% | 33.11% | 32.43% |
| June 17: | 42.45% | 26.89% | 30.66% |
| June 10: | 34.48% | 22.41% | 43.10% |
| June 3: | 37.09% | 22.07% | 40.85% |
| May 27: | 29.82% | 19.30% | 50.88% |
| May 20: | 41.30% | 25.00% | 33.70% |
| May 13: | 36.60% | 26.80% | 36.60% |
| May 6: | 39.13% | 32.30% | 28.57% |
| April 29: | 41.36% | 30.00% | 28.64% |
| April 22: | 38.12% | 27.62% | 34.25% |
SP-500 5-min chart (1:00 pm):
SP-500 15-min chart (1:00 pm):
SP-500 60-min chart (1:00 pm):
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