2 thoughts on “Traders Toolbox: Bullish Consensus Meter”
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I don't think that chart is stupid, exactly. It neatly captures the notion of contrary sentiment. But it is not the chart we need to see today. Today, bullish and bearish are just shots in the dark. What I would really like to see is a chart showing how many times the consensus believes we will bounce off 8000 before something major happens.
That char is studid