When stocks are as strong as they've been for such a lengthy period of time, even some of the most fervent bears will capitulate and expect more gains. As such, when the trend is this solid, a good gauge of sentiment is to see how eager or reluctant the bulls are to turn bearish when the market makes a small pullback.
When stocks are as strong as they've been for such a lengthy period of time, even some of the most fervent bears will capitulate and expect more gains. As such, when the trend is this solid, a good gauge of sentiment is to see how eager or reluctant the bulls are to turn bearish when the market makes a small pullback.
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