The Investor Intelligence percentage of bulls is now above July's number (55.6%). The bear percentage has dropped to 25.6% and I'm sure by the time we get the current reading next week, it will be even lower. This is a great time to start building a short position. It might go against you for a few days, but we should be headed down by next week. I recommend this strategy over trying to nail a perfect top.
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on Wednesday, September 26, 2007 at 9/26/2007 11:52:00 AM.
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