ARTICLE SYNOPSIS ...Stocks & Commodities V. 23:3 (50-54): Market Sentiment Extremes by John Jagerson & S. Wade Hansen The ability to pick up on and properly interpret minute signals in the market dictates the distinction between success and failure. Here's how implied volatility can help. Small vibrations -- a large investor begins buying calls. Virtually imperceptible movements -- a hedge fund manager raises his stop-loss levels. These are telltale signs a change is coming. The ability to pick up on and properly interpret these minute signals means the difference between success and failure in the marketplace. B...