from King World News
There
is reason to be concerned even with global stock markets on a tear
recently. There is a stunning chart and table featured below which all
KWN readers around the world need to see.
If you look at the chart and table below it reveals there are some
serious warning signals even as many major indexes have been hitting new
highs.
Here is the latest Investors Intelligence report along with the
all-important sentiment chart and table: “The indexes rebounded late
last week and the modest Friday advance turned them positive over the
five sessions. After early Monday gains, all three main averages had
penetrated even number levels. Broad stock action is not confirming
those highs and the negative indicator divergences held. There was more
bullishness amongst the advisors, with shifts in that direction
outnumbering other changes reflecting new skepticism. The new high in
optimism signals a near fully invested outlook that often occurs with
market tops. It doesn’t mean an immediate sell-off but the strong
likelihood of lower market levels in two-to-three months’ time. Quotes
are from the shifting outlooks including one lengthy capitulation.
Continue Reading at KingWorldNews.com…
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