Freep - I think your best sentiment indicator is Emmerich on the Stockcharts Public list. He is currently short on a majority of his indicators and has been whipsawed into oblivion the past couple months. I think my CS Group board is split 50/50 (confused).
I'm hearing a few people talk of major 10-25% correction and others that are saying 10-25% up. This is expected as volatility VXN breaks through is 3-year downtrend line. The up/down moves will be very dramatic this year.
Jan 4 - We have transitioned into a bear market. Completely different rules apply. May 23 - IMO, any price at/above this close makes a great Nasdaq/SP500 short.