– BULL% declines some after a 10 month high last week. The sentiment has turned a corner ahead of markets most likely just like it did during the week of 4/19/10, when the BEAR% made a 9 month high to be followed by the crash in 2 weeks.

– So, shorter term high BULL% readings are not favorable for sustaining the gains but if the time variance stays the same (2 weeks), perhaps next week will see a more sustained rally.

Chanakya/Smartp
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