http://www.tradersnarrative.com/sentiment-overview-week-of-november-6th-2009-3178.html
This week’s AAII results show only 22% bulls and a whopping 56% bears. The
last time we saw this few optimists and this many pessimists was the week of
February 19th 2009. Just before the spring rally. To put that in (even more
) perspective, out of all the data that we have so far, only 4% of the time
have there been less bulls.
Here is a chart of the bull ratio (bulls divided by the total number of
bulls & b
