3min chapter

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#7: Helene Meisler on Good, Old-Fashioned Technical Analysis

Superinvestors and the Art of Worldly Wisdom

CHAPTER

The Importance of Sentiment in Trading

CNBC poll showed 80% of respondents said this is an awesome buying opportunity. I thought, okay, that's not how you create a sustainable short term low. When that gets over 60% bulls, the market has rarely continued well on the upside. And when you see them shift based on the movement of a stop, you know, sentiment is shifted. You get a great sentiment feel of turning on the television.

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