Comments on: Sentiment Overview For Week Of August 10th 2007 http://www.tradersnarrative.com/sentiment-overview-for-week-of-august-10th-2007-1250.html Freshly squeezed market commentary & analysis Sat, 21 Nov 2009 19:51:06 +0000 http://wordpress.org/?v=2.0.2 by: Sentiment Overview For Week Of August 17th 2007 http://www.tradersnarrative.com/sentiment-overview-for-week-of-august-10th-2007-1250.html#comment-14187 Fri, 17 Aug 2007 22:23:24 +0000 http://www.tradersnarrative.com/sentiment-overview-for-week-of-august-10th-2007-1250.html#comment-14187 [...] Market Vane After I wrote about Market Vane last week, a reader pointed out that it may not be contrarian after all. They mentioned that in the past MV becomes bearish just as a major bear market or crash is about to occur. I’ve looked over the historical chart and I can’t really see this. Plus, they’ve already incrementally decreased their bearishness (by 2% points to 58%). So I’m still regarding this through a contrarian lense and see it as a bullish omen. [...] […] Market Vane After I wrote about Market Vane last week, a reader pointed out that it may not be contrarian after all. They mentioned that in the past MV becomes bearish just as a major bear market or crash is about to occur. I’ve looked over the historical chart and I can’t really see this. Plus, they’ve already incrementally decreased their bearishness (by 2% points to 58%). So I’m still regarding this through a contrarian lense and see it as a bullish omen. […]

]]> by: ISE Sentiment: Market Due For Recovery http://www.tradersnarrative.com/sentiment-overview-for-week-of-august-10th-2007-1250.html#comment-13464 Tue, 14 Aug 2007 14:16:42 +0000 http://www.tradersnarrative.com/sentiment-overview-for-week-of-august-10th-2007-1250.html#comment-13464 [...] Alright, so by now we know that the ISE sentiment data on the official webpage is wrong. Thankfully I was able to correct it as best as possible. It helped that only the past few data points are suspect. [...] […] Alright, so by now we know that the ISE sentiment data on the official webpage is wrong. Thankfully I was able to correct it as best as possible. It helped that only the past few data points are suspect. […]

]]> by: Babak http://www.tradersnarrative.com/sentiment-overview-for-week-of-august-10th-2007-1250.html#comment-13050 Tue, 14 Aug 2007 02:04:22 +0000 http://www.tradersnarrative.com/sentiment-overview-for-week-of-august-10th-2007-1250.html#comment-13050 Sharon, as I mentioned I was more sensitive due to a previous mistake and by chance I noticed they changed the numbers over time (51 to 72) and skipping a day! Also 51 is below the all time low so that's highly suspect, especially when the CBOE put call ratio is nowhere near that extreme level. ps my name's Babak, as in Ba (as in far), bak (as in back) Sharon, as I mentioned I was more sensitive due to a previous mistake and by chance I noticed they changed the numbers over time (51 to 72) and skipping a day! Also 51 is below the all time low so that’s highly suspect, especially when the CBOE put call ratio is nowhere near that extreme level.

ps my name’s Babak, as in Ba (as in far), bak (as in back)

]]> by: Sharon http://www.tradersnarrative.com/sentiment-overview-for-week-of-august-10th-2007-1250.html#comment-13046 Mon, 13 Aug 2007 23:50:48 +0000 http://www.tradersnarrative.com/sentiment-overview-for-week-of-august-10th-2007-1250.html#comment-13046 Babek, this may seem like a stupid question but how did you determine that the 51 ISEE Sentiment Level was inaccurate? As importantly, how can we tell what the right number is in the future? Babek, this may seem like a stupid question but how did you determine that the 51 ISEE Sentiment Level was inaccurate? As importantly, how can we tell what the right number is in the future?

]]> by: Dave http://www.tradersnarrative.com/sentiment-overview-for-week-of-august-10th-2007-1250.html#comment-13034 Mon, 13 Aug 2007 17:45:36 +0000 http://www.tradersnarrative.com/sentiment-overview-for-week-of-august-10th-2007-1250.html#comment-13034 The fact that they don't publically acknowledge this mistake is unbelievable. ISE doesn't want to admit a mistake or what? Perhaps some of the big media market publications should be informed about this. The fact that they don’t publically acknowledge this mistake is unbelievable. ISE doesn’t want to admit a mistake or what? Perhaps some of the big media market publications should be informed about this.

]]> by: Babak http://www.tradersnarrative.com/sentiment-overview-for-week-of-august-10th-2007-1250.html#comment-13031 Mon, 13 Aug 2007 17:33:21 +0000 http://www.tradersnarrative.com/sentiment-overview-for-week-of-august-10th-2007-1250.html#comment-13031 Bill, the tell is that the CBOE is nowhere near those levels. Its good to have a skeptical view and double check indicators when they go into outlier territory. The onus is on you since the data provider legally doesn't really have any responsability to make sure things are 100% correct. Although, I would argue once they know things are out of whack, the least they can do is inform the public. Bill, the tell is that the CBOE is nowhere near those levels. Its good to have a skeptical view and double check indicators when they go into outlier territory. The onus is on you since the data provider legally doesn’t really have any responsability to make sure things are 100% correct. Although, I would argue once they know things are out of whack, the least they can do is inform the public.

]]> by: Bill Luby http://www.tradersnarrative.com/sentiment-overview-for-week-of-august-10th-2007-1250.html#comment-13030 Mon, 13 Aug 2007 17:06:44 +0000 http://www.tradersnarrative.com/sentiment-overview-for-week-of-august-10th-2007-1250.html#comment-13030 Oops. I must have missed that. Thanks for checking and boo on Schaeffer. Oops. I must have missed that. Thanks for checking and boo on Schaeffer.

]]> by: Babak http://www.tradersnarrative.com/sentiment-overview-for-week-of-august-10th-2007-1250.html#comment-13029 Mon, 13 Aug 2007 17:03:52 +0000 http://www.tradersnarrative.com/sentiment-overview-for-week-of-august-10th-2007-1250.html#comment-13029 Bill, since I talked to the person in charge of data integrity at ISE and he told me that 51 was an ERROR, I'm pretty sure it is. The only thing that puzzles me is why they don't publicly state this on their site and correct it ASAP. Bill, since I talked to the person in charge of data integrity at ISE and he told me that 51 was an ERROR, I’m pretty sure it is. The only thing that puzzles me is why they don’t publicly state this on their site and correct it ASAP.

]]> by: Bill Luby http://www.tradersnarrative.com/sentiment-overview-for-week-of-august-10th-2007-1250.html#comment-13023 Mon, 13 Aug 2007 15:10:25 +0000 http://www.tradersnarrative.com/sentiment-overview-for-week-of-august-10th-2007-1250.html#comment-13023 I feel compelled to note that Schaeffer is now quoting the 51 low as if it is gospel: http://www.schaeffersresearch.com/commentary/observations.aspx?ID=19950 If the ISEE hadn't previously printed a 72 reading for the 8/7, I might believe it, but now we must conclude that either they made a mistake with the 72 on 8/7 (and just happened to miss a record low)...or they screwed up both 8/7 (the 51) and 8/8 (now unaccounted for.) I'm still guessing that the 51 is wrong and is an artifact of whatever problem also caused the missing 8/8 data. I have written to them twice. If they don't correct it today, it's time for a call and some ugly blog posts. I feel compelled to note that Schaeffer is now quoting the 51 low as if it is gospel: http://www.schaeffersresearch.com/commentary/observations.aspx?ID=19950

If the ISEE hadn’t previously printed a 72 reading for the 8/7, I might believe it, but now we must conclude that either they made a mistake with the 72 on 8/7 (and just happened to miss a record low)…or they screwed up both 8/7 (the 51) and 8/8 (now unaccounted for.) I’m still guessing that the 51 is wrong and is an artifact of whatever problem also caused the missing 8/8 data.

I have written to them twice. If they don’t correct it today, it’s time for a call and some ugly blog posts.

]]> by: Super Saver http://www.tradersnarrative.com/sentiment-overview-for-week-of-august-10th-2007-1250.html#comment-12695 Mon, 13 Aug 2007 00:59:33 +0000 http://www.tradersnarrative.com/sentiment-overview-for-week-of-august-10th-2007-1250.html#comment-12695 Babak, Thanks for your submission to the Festival of Stocks. (Yes, it was in on time :-) Agree with you the bottom still hasn't been reached in this correction. However, with the infusion of liquidity by central banks, I think the bottom will be delayed a bit longer. This post is included in the August 13, 2007 edition of the Festival. Babak,

Thanks for your submission to the Festival of Stocks. (Yes, it was in on time :-)

Agree with you the bottom still hasn’t been reached in this correction. However, with the infusion of liquidity by central banks, I think the bottom will be delayed a bit longer.

This post is included in the August 13, 2007 edition of the Festival.

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