This week's Sentiment standouts are the AAII survey with a tie at 34.9 for both Bulls and Bears after having crossed in previous weeks; the Public/Specialist shorting ratio hit a 5-year high of 2.57 and the Rydex Nova/Ursa low ratio of .16 are all Bullish for stocks. Near perfect over the past 3 years, highs of 50 to 70 have led to Tops; lows in the teens preceded Bottoms. With corporations, mutual funds and investors sitting on Cash, a strong rally could surprise many hedgers shorting ETFs bigtime (especially the SPY and XLF - finance Spider).
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