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I'll be frank. I'm not a big fan on sentiment data analysis. I do find that a contrarian approach can be very helpful, but too often market participants tend to look for data that can be spun to formulate a "smarter than thou" outlook. Sentiment data, in particular, tends to be interpreted to support the pre-existing bias of the analyst. Right now, there are a lot of claims being made by both bulls and bears that there is too much bearishness or too much bullishness in the market. So, I thought I'd have a look