2007-3-20 2006-10-31 Even though the stock market indices we follow have been consolidating for weeks, we have reason to believe that soon this consolidation will be over. The AAII survey this past week showed 41% bears and 34% bulls, a level not seen since 10/28/05. You can see on the second and third chart below (NASDAQ Composite and S&P 500) the significant advance that started in October of 2005.The first chart is of the equity put/call ratio. Despite today's advance, albeit small, the ratio jumped to the highest level since October of 2005! The green vertical lines in the chart show the days where the ratio was higher. You can see the huge advance that followed. 197977 text/html http://www.nasdaqwizard.com/midweek042606.html 1.0 EN index,follow Equity put / call ratio AAII survey Equity put / call ratio, AAII survey text