The AAII net sentiment fell to the deepest level since Mar 09 and was even lower than the level seen in the June-July correction.When this is at extreme weakness, typically a good sign to buy. Right now the weekly bear channel seem to have broken down after yesterday’s move. The downside 1000 level may not be reached by Dec 09. In fact, upside 1121 is likely to be breeched (target upside is 1130 given the breakout of the bear channel) before anything else.
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