Sentiment Indicators Hitting Euphoric Levels as Dow Hits All-Time Highs?

March 14th, 2013

by Chris Kimble

Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives.

My mentor, Sir John Templeton came up with the 4 stages of a bull market, reflected in the illustration below. My strategy - TB&M (Tops, Bottoms & No Middles) focuses on key turning points at key highs and lows.

With this in mind are investors reaching the Euphoric Stage as the S&P 500 is nearing old highs and the Dow is hitting new all-time highs? The chart below was sent to Premium & Sector Sentiment extreme members last week.

This chart created by Sentiment reflects that overall sentiment indicators are not at levels where prior key highs have taken place over the past couple of years. I have shared this with members for several weeks, suggesting that odds favor higher prices until sentiment reaches higher euphoric levels!

For information about Kimble Charting Solutions, send an email to

Website by the Boston Web Company