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| Sentimentrader.com |
Sentimentrader had an interesting write up yesterday showing the Hulbert Nasdaq Newsletter Sentiment Index. They note:
"Mark Hulbert's organization looks at the recommended allocation to the Nasdaq among a sample of newsletters. Currently, they are 62.5% net long that index."You can see from the chart above that the bulls have struggled a bit the last few times the Sentiment Index was around this level. It's definitely something to be aware of as the Nasdaq Composite nudges up to (and potentially breaks out of) the Oct 2011 high at 2753.