Thursday, January 19, 2012

Getting Sentimental

Don't you know promises were never meant to keep?
Just like the night, they dissolve off into sleep
--Rolling Stones

Wanted to record that Jason's sentiment indicators are getting pretty stretched toward bullish extremes--both near term and long term.

When sentiment gets lopsided, then a trend reversal often approaches.

Couple that with Demark indicators at or near trend exhaustion levels on multiple timeframes, and it seems time to get cautious.

Personally, I added a bit to my index short positions today.

position in SPX

1 comment:

dgeorge12358 said...

There is only one side of the market and it is not the bull side or the bear side, but the right side.
~Jesse Livermore