Update: Dec. 19th  
2006  
The following legend is provided as a 'general' guideline to understanding and interpreting the sentiment percentages gained in the twice monthly surveys. The oversold, neutral, and overbought ranges are not be used as an 'absolute' as general market conditions and extraordinary factors will influence market direction. The oversold readings are indicative of positive or favorable market conditions, the overbought readings are indicative of negative or unfavorable market conditions.

The commentary provided with the Real Sentiment Reports should be utilized with this range based information as it will include analysis based upon our expertise in the area of individual investor sentiment. The commentary may 'override' the estimated ranges presented and provide further insight based upon further analysis and market conditions. (Past results are not indicative of future returns. WhisperNumber.com employees make no representations or guarantees. See full disclaimer at the bottom of this page.)

Bullish Sentiment Guide (US & Global Markets)
Markets Reading Range Guide 26 week 52 week
   Oversold (+) Neutral Overbought (-) Lo   Hi Lo   Hi
 US Markets (DJIA, S&P)
  Short Term Bullish 0.0% - 29.8% 29.9% - 59.0% 59.1% and greater 28.0% 64.0% 24.9% 64.0%
  Long Term Optimism 0.0% - 56.5% 56.6% - 73.7% 73.8% and greater 57.0% 76.7% 53.6% 76.7%
 
 Sectors
  Basic Materials 0.0% - 5.0% 5.1% - 17.6% 17.7% and greater 2.9% 13.8% 2.9% 19.9%
  Cons Cyclical 0.0% - 2.3% 2.4% - 10.6% 10.7% and greater 1.8% 12.2% 0.9% 12.2%
  Cons Non Cycl 0.0% - 1.4% 1.5% - 6.5% 6.6% and greater 3.1% 7.5% 0.6% 7.5%
  Energy 0.0% - 17.9% 18.0% - 43.8% 43.9% and greater 13.6% 48.3% 13.6% 48.3%
  Financial 0.0% - 5.4% 5.5% - 12.6% 12.7% and greater 5.3% 14.0% 4.2% 14.0%
  Gold 0.0% - 5.0% 5.1% - 15.0% 15.1% and greater 3.3% 12.8% 3.3% 16.8%
  Healthcare 0.0% - 5.2% 5.3% - 15.3% 15.4% and greater 5.6% 17.1% 3.5% 17.1%
  Services 0.0% - 0.6% 0.7% - 4.3% 4.4% and greater 1.4% 5.1% 0.0% 5.1%
  Technology 0.0% - 9.4% 9.5% - 28.9% 29.0% and greater 6.1% 31.3% 6.1% 32.3%
  Transportation 0.0% - 1.0% 1.1% - 2.5% 2.6% and greater 0.7% 2.8% 0.7% 2.9%
  Utilities 0.0% - 0.8% 0.9% - 5.6% 5.7% and greater 1.6% 6.6% 0.0% 6.6%
 
 ETF's
  Dow 30 0.0% - 6.4% 6.5% - 14.1% 14.2% and greater 5.1% 14.8% 5.1% 15.6%
  S&P 500 0.0% - 7.3% 7.4% - 16.3% 16.4% and greater 10.0% 18.0% 5.8% 18.0%
  Nasdaq 100 0.0% - 8.6% 8.7% - 21.9% 22.0% and greater 6.7% 24.3% 6.4% 24.3%
  Internet Stock 0.0% - 1.2% 1.3% - 3.4% 3.5% and greater 0.8% 3.9% 0.8% 3.9%
  Russell 2k 0.0% - 9.1% 9.2% - 16.9% 17.0% and greater 7.8% 15.6% 7.8% 18.4%
  Euro. Stock Index 0.0% - 2.1% 2.1% - 4.8% 4.9% and greater 2.1% 5.6% 1.6% 5.2%
  Nikkei 225 0.0% - 4.6% 4.7% - 11.8% 11.9% and greater 3.4% 8.3% 3.4% 13.2%
  Asian Stock 0.0% - 11.4% 11.5% - 21.7% 21.8% and greater 12.1% 20.1% 9.6% 23.6%
  Gold/Silver Index 0.0% - 6.6% 6.7% - 19.9% 20.0% and greater 4.3% 15.6% 4.3% 22.3%
  Treasury Bond/Note 0.0% - 1.1% 1.2% - 3.6% 3.7% and greater 0.8% 4.1% 0.6% 4.2%
  Equity REITS 0.0% - 0.4% 0.5% - 2.6% 2.7% and greater 0.9% 3.1% 0.0% 3.1%
 
  26 week 52 week
 Global Regions Oversold (+) Neutral Overbought (-) Lo   Hi Lo   Hi
  Africa 0.0% - 0.2% 0.3% - 1.3% 1.4% and greater 0.0% 1.6% 0.0% 1.6%
  Australia 0.0% - 1.5% 1.6% - 4.6% 4.7% and greater 0.9% 5.3% 0.9% 5.3%
  Canada 0.0% - 3.3% 3.4% - 9.2% 9.3% and greater 2.3% 9.7% 2.3% 10.3%
  China/Asia 0.0% - 29.8% 29.9% - 43.5% 43.4% and greater 27.5% 45.9% 27.5% 45.9%
  Europe 0.0% - 3.1% 3.2% - 6.9% 7.0% and greater 4.3% 7.7% 2.5% 7.7%
  India 0.0% - 7.7% 7.8% - 14.8% 14.9% and greater 6.4% 12.0% 6.4% 16.2%
  Japan 0.0% - 8.2% 8.3% - 20.9% 21.0% and greater 6.0% 12.8% 6.0% 23.2%
  Middle East 0.0% - 0.3% 0.4% - 2.0% 2.1% and greater 0.0% 1.8% 0.0% 2.4%
  Russia 0.0% - 1.1% 1.2% - 5.6% 5.7% and greater 0.4% 6.5% 0.4% 6.5%
  South America 0.0% - 1.8% 1.9% - 5.9% 6.0% and greater 1.1% 4.6% 1.1% 6.8%
  United States 0.0% - 16.1% 16.2% - 28.6% 28.7% and greater 18.4% 30.8% 14.0% 30.8%
 
 Fixed Income
  Treasury Bonds 0.0% - 14.3% 14.4% - 27.4% 27.5% and greater 17.0% 29.7% 12.1% 29.7%
  Corporate Bonds 0.0% - 12.8% 12.9% - 21.9% 22.0% and greater 14.6% 23.6% 11.2% 23.6%
  Municipal Bonds 0.0% - 12.6% 12.7% - 20.3% 20.4% and greater 11.3% 21.8% 11.3% 21.8%


WhisperNumber's Sentiment Reports are for informational purposes only, and are not a recommendation to buy, sell, or hold any security, or that any investment strategy discussed is suitable for all investors. There is a very high degree of risk involved in the purchase and sale of securities and WhisperNumber.com and all individuals affiliated with Market Sentiment LLC assume no responsibilities for the trading and investment results of subscribers. Past results are not indicative of future returns. WhisperNumber.com and Market Sentiment LLC employees make no representations or guarantees and are not licensed brokers, analysts, or registered investment advisors. Data presented is based on sentiment research and analysis. Reproduction or redistribution in any form is strictly prohibited.

Copyright Market Sentiment LLC, 2007, david@whispernumber.com