weekend spi, page-19

Jaolsa

Very interesting.

I am looking forward to getting my hands on the data and doing some analysis of my own.

I assume you are trusting others for that info, and sometimes it just ain't right, but may well be.

Exact comparisons are less important than what it says about sentiment and more importantly, where it occurrs in a trend.

Multiple upmoves from a major low and other extremes are more an intial impulse, which is normal, and sets up for all sorts of long term divergences.

Multiple upmoves late, signal capitulation or euphoria.

I agree that it doesn't even need to signal the imminent end but more an early signal.

Still it is an historical oddity and worth investigating.

Thanks for your input.