Has anyone been tracking the value of the "SNAPSHOT OPINION" indicator at www.barchart.com/futures/quotes/ESH17/opinion (small table on the right hand side of the page)? I just ran across this site a few days ago and haven't been able to find any historical data for this technical indicator that they produce. As a certified indicator junkie, I'm always looking for new tools to analyse and use. Thanks for any info that you may have on this indicator's usefulness.
For whatever it's worth, the sentiment indicator at www.investing.com/indices/us-spx-500-scoreboard which I noted a few days ago as being too bearish is finally getting some bullish votes. It looks like the scorched bears tracked by this web site are finally starting to throw in the towel.
Regards,
Douglas
"SNAPSHOT OPINION" Indicator at www.barchart.com
Started by
Douglas
, Feb 18 2017 05:29 AM
5 replies to this topic
#2
Darris
-
- Traders-Talk User
- 1,667 posts
Member
Posted 18 February 2017 - 09:07 PM
Some day the phrase "never mistake genius with a bull market" will become clear to you.
#3
Douglas
-
- Traders-Talk User
- 1,828 posts
Member
Posted 19 February 2017 - 10:52 AM
For almost eight years the bull geniuses have reined supreme. Bubbles do make long players channel their inner Einstein. The fascinating thing is that it is precisely when the bulls try to cash out of the market casino to enjoy the fruits of their luck that the bubble pops. Like a fire in a crowded theatre, only the first bulls who panic end up being big winners. Many who hesitate end up as burnt toast. I track sentiment because I believe that the "when" of this fire will be when the "when" is widely relegated to the "never" by the bull geniuses.
Regards,
Douglas
Regards,
Douglas
Edited by Douglas, 19 February 2017 - 10:53 AM.
#4
pisces
-
- Traders-Talk User
- 1,179 posts
Member
Posted 19 February 2017 - 05:54 PM
A very good point you are making there and i absolutely agree with you.. may the trading gods smile upon you ! 
#5
OEXCHAOS
-
- Admin
- 22,017 posts
Mark S. Young
Posted 20 February 2017 - 12:26 PM
Mark's first rule of Sentiment: Sentiment never works as well at tops as it does at bottoms.
BTW, Douglas, I've been looking at the Investor's.com and I'm beginning to get some ideas on how to use it. Still more work to be done, but I'll let you know as I do more research and firm it up.
Mark
Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsen...t.com/trial.htm
You can now follow me on twitter
#6
Douglas
-
- Traders-Talk User
- 1,828 posts
Member
Posted 20 February 2017 - 12:51 PM
The three day sentiment number at www.investing.com/indices/us-spx-500-scoreboard seems to have some value, but the number of votes is pretty small. Hopefully as more folks find the site, the number of participants will increase improving the value of this sentiment survey.
The www.barchart.com/futures/quotes/ESH17/opinion number on further inspection appears to be similar to the one produced at money.cnn.com/data/fear-and-greed , which is their interpretation of a collection of indicators rather than a sentiment survey, which is useful, but not what I thought it was. AAII is the sentiment survey currently blowing my mind. This weekend only 33.1% bulls despite record high indexes. Wow!
Regards,
Douglas
The www.barchart.com/futures/quotes/ESH17/opinion number on further inspection appears to be similar to the one produced at money.cnn.com/data/fear-and-greed , which is their interpretation of a collection of indicators rather than a sentiment survey, which is useful, but not what I thought it was. AAII is the sentiment survey currently blowing my mind. This weekend only 33.1% bulls despite record high indexes. Wow!
Regards,
Douglas
