Biotech Values

[mauser96]

http://stockchartist.blogspot.com/2011/01/investor-sentiment-and-market-direction.html

http://www.bespokeinvest.com/thinkbig/2011/1/6/bullish-sentiment-down-but-still-lofty.html

a problem is that a peak can only be determined in retrospect. How high is high?

It should be kept in mind that sentiment indicators are more useful at picking bear extremes than bull extremes. Fear responses are hard wired into humans- the fight /flight response is physical as well as mental. Greed is far less powerful.

I'm more inclined in the short term to use momentum for timing. Even though signals always lag they are clear cut.