An observation I don't know what to make of:

- If you click on "Timeline" you see the chart of the Index since beginning of the year and below it that of the S&P for the same timeframe.
- Very often when the S&P falls a little the CNN Index practically crashes in a near straight line down. Very heavy sentiment reaction.
- In the other direction though that was the case only 2x: 1st half of April and end of July the market did rise and the CNN index moved strongly up.
- But the extreme down movements of the sentiment are a)sharper and b)more often happening.
- With the most extreme move happening right now: The market a little down --- but the sentiment crashing from 50 to this moment 23, from yesterday or so "Neutral" to full-blown (4 out of 5 Indicators) "Extreme Fear" (similar in July: Market a little down, sentiment immediatedly from 75 to 50).

This is baffling. My only idea: That everybody more and more EXPECTS the market to crash soon and therefore reacts to each little move down with more and more fear of that happening.