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Sentiment 11.20.10

Posted by StockBuz on November 20, 2010 at 11:08am
The NDR Crowd Sentiment Poll reflects bullishness near the April highs which would indicate we're nearing a market correction point. [Note the weekly timeframe] That's not to say that we go out on Monday and sell our positions but I personally would advise caution in initiating new ones as we head into the holiday season. According to Tim Hayes when interviewed on Bloomberg, GS has been advising clients to expect same [a correction]. Again, since this is a weekly chart, it could be before the holidays for Capital Gains reasons or merely the typical January selloff. [HT tradersnarrative]

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Tags: sentiment, spx
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