We consider ourselves experts on monitoring market price, internal and sentiment data. Periodically we’re asked to look at new sentiment indicators and we have added some to our data base. We monitor them for years before we start using conclusions from the data.
Here’s one that came on our radar recently:
Traders-Talk.com Actual Position Poll
This will be a brief update. Why? Because in review of the data, there are only 36 people/traders that participate in the results…
Really? It’s not even worth your time to look at it. This sample size is not statistically significant. Yet there are those out there that tout its significance – interesting to note that they’re also tied to the site which produces the data.
Don’t fall for it. You can get AAII data for free on the internet and it’s statistically significant.