Zeev's Turnips Patch-No Politics (ZEEV)

[Public Heel]

Look here:

http://www.vtoreport.com/sentiment/sentiment-table-2004.htm

You will see that there were even wider spreads in 2003, and the Market is much higher now than it was then.

I think the sentiment spreads are another one of many indicators that work fine in a bear market, but not in a bull market.

Eventually, the market will turn, and then a lot of people will be saying that we should have heeded the spreads, but they'll tell us we should have heeded them just before the turn, not in June of 2003.