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Strategies & Market Trends : Zman Market Timing -- Ignore unavailable to you. Want to Upgrade?


To: zman69 who wrote (3671)6/23/2014 3:37:56 PM
From: zman69  Respond to of 15903
 
For a more recent example look at the period after launch of QE2 when sentiment was white hot from December 2010 on but market didn't top meaningfully until July 2011.



To: zman69 who wrote (3671)6/23/2014 3:44:01 PM
From: POKERSAM  Read Replies (1) | Respond to of 15903
 
IMO the herd is always right. Do you believe that when herd optimism peaks you are at a top and when herd pessimism peaks you are at a bottom? Far be it from me to say when either sentiment has peaked.
You can get so low that there is only one way to go and that is up. The opposite is also true. Where is that high and where is that low is the question.
Of course it is the very nature of sentiment that it is a blunt instrument.