Look folks…I have to level with you. All this bullishness is making me sick. Heck I even considered buying into this rally today (not really but you get the idea). Time and time again we point out how important Sentiment indicators are in the market for traders like us. And time and time again, we continue to be right in our analysis.
We Alerted You To The Market Bottom In August
Below are 2 post I want you to quickly take a look at. Both clearly document and prove that Sentiment works in both directions. When bullishness is LOW, the markets will Rally. When its HIGH, the markets will Fall – simple as that.
Moreover, they show you that we called the bottom using the EXACT SAME sentiment indicators we are using now to warn of a TOP. Help yourself and take a look at what technical analysis can do.
— Bullish Sentiment Once Again At Lows
— The Expected Yet Unexpected Rally
But where are the levels now? How do they compare to the tops in January and April of 2010? We covered it all for it tonight’s video.
Do You Think I’m Crazy?
Hope not. But I get a lot of emails during this time where people try to “educate” me on why the markets are going to continue higher or why this stock or that stock is just getting started. Either way I want to know YOUR opinion on this Sentiment issue in the comments sections below.
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