On Composite Sentiment by James P. Martin
ARTICLE SYNOPSIS ...On Composite Sentiment
by James P. Martin
Despite all the powerful technical tools available, even the savviest technicians are susceptible to
emotion and on occasion succumb to psychological influences that prevent them from taking appropriate
action, thus losing out on opportunity. Nevertheless, James Martin writes, how the market reacts is a
fascinating subject. He continues his quest for more quantifiable measures for sentiment indicators.
In my first article in the June 1990 STOCKS & COMMODITIES, I showed a refinement of traditional call/put
ratios that greatly enhanced their reliabilit...