It came in at 42% bulls and 32% bears. Bullishness is high enough to warrent a correction only.... it's definatately not a bull killer. We still haven't even seen 1week...not 1 bloody week where bulls outnumbered bears 2:1 and that still wouldn't be a bull market killer either because after a 65% rally it would be completely justified to see such bullishness.
We are seeing the market get slammed early on via a gap down and the SPX has broke below 1100 confirming the bull trap if the bears can finally close the deal and I think today they finally will. If they do it would be a much need cleansing of the dumb money froth that I've been harping on.
We'll see how it goes....
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