This has nothing to do with who is right about the rally or what direction the market is going to go, or what the sentiment is, I could care less! It's about what this one singular chart is saying, what the "indicator" is showing as a fact of matter! This "chart" shows from history that when there is this much bullishness/bearishness, the coming is year is flat to down thats it, nothing more. I may agree or disagree based on other factors but this "chart" tells me and anyone for that matter the same thing it can't be denied. Maybe if the chart showed more time it would be different but I'm just looking at what happened from what the "chart" is showing not who's been right, not what the markets been doing, not anything, just what the chart says!
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