Welcome to EV's point and figures. This blog is dedicated to the use of point and figure charts in technical analysis.

Although P&F first appeared in charts in the 1930's, it is an often overlooked techique for analysing stocks and charts. A poor relation compared to line and bar charts and their range of momentum indicators. Yet few charts provide a clearer picture of the daily battle between bulls and bears for market control.

Like most methods, it should not be used in isolation. It should form part of an analysts 'tool box' and be used with other techniques to help form an overall view.

The charts that appear on this blog and any accompanying comments are purely for information purposes only - my own personal take on where the prices may be heading. They do not constitute investment advice.

Tuesday, September 21, 2010

AAII Bullish Sentiment Index - looking toppy!


Sourced from Bloomers, this is the American Association of Individual Investors Bullish Sentiment Index, overlaying the SPX (apologies for the quality) from 2005. It measures the percentage of individual investors who are bullish, bearish or neutral on the stock market for the next six months. Not sure how many members are polled each week.

And here is the survey on its own.


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