Sentiment Indicators Point to Another Market Bottom By Jordan Kahn About this article: The S&P 500 closed above its 50-day average for the second day in a row on Friday, a good sign that the market is continuing to bounce from its recent oversold condition and quite possibly has seen its lows for the near term. A lot of technicians have been up in arms lately, saying that the market is poised to put in a head-and-shoulders top and that the highs for the year are likely behind us. My response the whole time has been that we can't just look at the technicals in isolation, but rather the key to timing the duration of this correction would be how investor sentiment reacted to any market decline. The technicians said the exact same thing back in July, when it really did look like a head-and-shoulders top was in, but a strange thing happened on the way to Armageddon: Investor sentiment quickly... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

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