National Futures and Financial Weekly
Copyright 1997 by Consensus, Inc.
October 10, 1997 * * 1737 McGee, Kansas City, Mo. 64108 U.S.A. * * Up Dated Daily
THE CONSENSUS® INDEX OF BULLISH MARKET OPINION
A GRAPHIC ILLUSTRATION FOR CONTRARIAN TRADING
The exclusive CONSENSUS® Index of Bullish Market Opinion is a
measure of attitudes and positions of all major professional
brokers and advisors as interpreted and recorded by Consensus, Inc.
This index is intended as a guide only, to provide indications of
potential market directions. The theory of contrary opinion would
hold that when a predominant number of market analysts are bullish,
it is quite likely that the market is approaching an overbought
condition, and that a reversal in trend may be imminent. Following
the same reasoning, when a predominant number of market analysts
are bearish, it is quite likely that the market is approaching an
oversold condition, and that a reversal in trend may be imminent.
Although CONSENSUS® identifies the 75 percent level as the
overbought level and the 25 percent level as the oversold level,
these points should be interpreted not as absolute reversal points,
but rather as approximate levels of potential market shifts. It is
also important to note the trends in this data, which is
graphed for the seven most recent trading weeks, to get a fuller
sense of the possible market directions indicated.
Note: The most recent data graphed below reflect attitudes and
positions taken as of one week prior to the Friday publication of
this issue. However, traders wishing more immediate access to the
data, available through CONSENSUS® Research as early as 8:00 P.M.
Central Time on Tuesday prior to publication (two market days after
the day the positions were taken) may wish to call the CONSENSUS®
HOTLINE telephone report of the CONSENSUS® Index of Bullish Market
Opinion at 1-900-562-8600. Cost is $2.99/min. This information is
available 24 hours a day. Historical data from 1983 now available.
For more information call 816-471-3862.
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