Technical Talk: Sentiment Still Not Overly Bullish
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December 17th, 2009 by Prieur du Plessis, Investment Postcards from Cape Town
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The comments below were provided by Kevin Lane of Fusion IQ.
As seen in the graphs below, sentiment is still not overly bullish. While sentiment remains more neutral than bullish we expect prices to keep working higher (and corrections to be shallow) as it suggests investors still have more sideline liquidity available to purchase equities.
Source: Kevin Lane, Fusion IQ, December 15, 2009.
Dr. Prieur du Plessis is an investment professional with 26 years' experience in investment research and portfolio management. More than 1,200 of his articles on investment-related topics have been published in various regular newspaper, journal and Internet columns, including his blog, Investment Postcards from Cape Town. He has also published a book, Financial Basics: Investment. Prieur is Chairman and principal shareholder of South African-based Plexus Asset Management, which he founded in 1995. The group conducts investment management, investment consulting, private equity and real estate activities in South Africa and a number of foreign countries. He also serves as Honorary Consul of Slovenia for South Africa, actively developing economic, cultural and scientific relations between Slovenia and South Africa. Prieur is 54 years old and live with his wife, television producer and presenter Isabel Verwey, and two children in Cape Town, South Africa. His leisure activities include long-distance running, traveling, reading, motor-cycling and scripophily. Read more from the author/contributor here.
Tags: Fusion, Graphs, Investors, Iq, Kevin Lane, liquidity, Sentiment
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