Subject: Re: sentiment indicators
One of the best indicators is sentiment.

Is this actually true? I've always heard it but it sounds like stock market legend. And if sentiment, by whatever means it's being measured, is bearish, when do you get back in? Not on Day 1. You'd have to let it 'bear' a while or you're just riding it down. That's how it seems to me. It might be a good adjunct indicator based on its degree and other factors to assess the top of a bubble or when capitulation might be imminent or in progress.