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[Metastockusers] Larry Williams' Sentiment indicator



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Hi
Anybody has a formular for this one?
 his book "Right stock-Right time" saying:
Abnormally high Odd-lot short sales making market lows while a decline of them (indicating public bullishness) herald market rises.- or
When  the majority ( >75%)of advisors are bullish (telling you to buy the market tends to decline , if<25%, (advisors bearish and tell you to sell) the market will rise...
Makeing any sense?
Tks
roland



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