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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Terry Whitman who wrote (10293)10/15/2008 9:29:00 AM
From: Elroy  Read Replies (1) of 33421
 
Not really a big fan of sentiment as a market timing tool, but I do keep an eye on extreme readings.

Any idea what was the sentiment reading on October 1st? I'll bet it was pretty bullish (pretty negative), and then the market had their worst week ever. Sentiment has got to be a real time correlated indicator. As long as the markets fall, it will get worse, then when markets head up it will get better. How to use that to predict anything I have no idea.
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