ISEE Sentiment Index - New Low

[Bruto Blukowski]

I haven't followed the ISEE Sentiment Index for a long time.

The previous 52 week low - I'm going to claim as being 66(closing basis) - right around the first week in July.

It took a huge swing yesterday, and for the most part being short for today has paid off. It is supposed to be contrarian? Like the Put/Call Ratio?

Looks like being an ET member and becoming educated and wiser from the great posts has set the public and traders on the never ending road to big $$$ profits. Big money has finally been tamed?
Time will tell....

Value Time 8/22/06
63 16:15
58 15:30
55 14:30
122 13:30
132 12:30
127 11:30
112 10:30

Value Time 8/23/06
100 13:30
95 12:30
78 11:30
97 10:30


http://www.iseoptions.com/marketplace/statistics/sentiment_index.asp

ISEE > 100
More customers have opened long call options than put options. Call options increase in value when the underlying stock price increases.

ISEE < 100
More customers have opened long put options than call options. Put options increase in value when the underlying stock price decreases.

 

[bjg]

A lot of calls were bought into yesterday's close.

I'm trying to find some correlation between it and indexes... it seems the indicator always peaks a day before it goes down, so it's interesting to see it go so high yesterday on a down day.

 

[vision]

ISEE seems to be a random indicator.

for example, previous 52 week low is 66 reached on July 3 2006, while it's top for the following month. market crashed right after it.