Monday, February 05, 2007

A Surge In Bullish Sentiment

It's only one indicator, but the ISEE is surging today to a level not seen in quite some time. The index is running at 225 right now, a highly bullish reading.

I am not sure where this surge in bullishness is coming from, and it is not being reflected in the other indicators. Also, it was very low on Friday, closing at 97, so maybe we should just look at the 2-day total to smooth out any abberations.

Let's see how it fares for the rest of the day--

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