National Futures and Financial Weekly
Tel: 816-373-3700 * * P.O. Box 520526, Independence, Mo. 64052-0526. * * Fax: 816-373-3701
Composite Sample Issue
THE CONSENSUS® INDEX OF BULLISH MARKET
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 subscribe to our new e-mail service. Historical data from 1983 now available. For more information call 816-373-3700.
Subscribers to CONSENSUS have access to graphic illustrations of the following:
METALS: Silver, Gold, Copper, Platinum
FINANCIAL INSTRUMENTS: Eurodollar, U.S. Dollar, T-bills, T-bonds
CURRENCIES: Euro FX, British Pound, Deutschemark, Swiss Franc, Canadian Dollar, Japanese Yen
SOYBEAN COMPLEX: Soybeans, Soybean Oil, Soybean Meal
MEATS: Pork Bellies, Hogs, Cattle, Feeder Cattle
GRAINS: Wheat, Corn
STOCK INDICES: Stock Index
FOODS: Citrus, Sugar, Cocoa, Coffee
FIBERS: Cotton, Lumber
ENERGY COMPLEX: Crude Oil, Natural Gas, Gasoline, Heating Oil
Copyright 2002 by Consensus, Inc.
CONSENSUS, INC. AND INVESTORS CO-OP
P.O. Box 520526
Independence, MO 64052-0526