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c08 JWBK195-Saettele May 31, 2008 13:8 Printer: Yet to come
Putting It All Together 185
IN CONCLUSION
At the end of the day, sentiment is what matters. Go back to Chapter 3
and look at the charts at the end of that chapter with the COT indicators.
Every single top and bottom on the charts is accompanied by a reading
of 0 or 100; regardless of “news” or “fundamentals.” A reversal occurs, and
there is inevitably a reason put forth for the reversal. You will know though
that there is only one real reason (sentiment extreme), and better yet, that
reason (the sentiment extreme) can be anticipated and acted on profitably.