M_e, re: "wouldn't you think that since the market has been 'unexplicably' going up for the past two-three months, that this represents the beliefs and actions of the majority?"
No, I wouldn't think so.
The majority has gotten out of the market. If they are to be confounded, it will be by a runup without their participation or profit, wouldn't you think?
Mho, anyway.
regards,
phill