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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jon Koplik who wrote (12622)	5/15/2010 7:19:39 PM
From: Cactus Jack	Respond to of 33421

thanks

To: Jon Koplik who wrote (12622)	5/15/2010 7:21:35 PM
From: Patrick Slevin	1 Recommendation Read Replies (1) \| Respond to of 33421

I'm fairly certain that Prechter uses the Daily Sentiment Index as the source for his figure. tradersnarrative.com It's a small trader index. They were all wrong then, too It isn't used in that fashion. Similar to many indicators, it has an upper limit and a lower limit. An indicator can be almost 100% Bullish for extended periods of time. The question isn't that it's time to sell, the question is do you really want to enter Long at this point in time.