Kenneth L. Kinkopf Jr. The sentiment readings of the Market Vane service is a poll taken daily from futures trading advisors indicating the percentage that are bullish at that moment. Ironically, market consensus is used as a contrarian indicator. This author transforms the Market Vane index into a better indicator.
Market consensus is a dynamic indicator with which to evaluate market activity.
Ironically, however, this tool is used as a contrarian indicator. The sentiment readings of the Market Vane service is a poll taken daily from futures trading advisors indicating the percentage that are bullish at that moment. As a rule, high readings are signs of market tops, while low readings are signs of market bottoms. 5 year subscription to Working Money. Free book selection.