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I am always confused as to the market sentiment indicator, does yours also show 76% of open positions are bearish or short on the market too? It’s a one way chart and been bearish with the ST continually suggesting upward movement but such huge short positions mean a great deal of losses are out there which surprises me?

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I’m looking at the Wall Street Market Sentiment and it says 75% are short on this market and it’s been high for a while as on all indices so everyone is losing money on a graph the ST says is still going up, FTSE and others are even higher against the market, sceptical so does yours say the same?

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Hi  &    The market sentiment short/long figures are retail traders and are known as a contrary indicator for good reason. Many good reasons actually, not least hope over analysis (the punt) but also institution's attempts to wrong-foot retail and provide contracts to buy. 

For institutional positions you need to look at the COT report.

 

http://www.cotbase.com/

http://www.cotbase.com/how-to-use

 

Large speculators are long.

 

cot.PNG

 

 

This video (strong language) explains much about the recent moves, a bit old now and may lose relevance as we move into a tapering phase (if we move into a tapering phase).

 

 

cot1.PNG

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