![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVXA-u89n_GHh1sNhWEjGNsBdYfvZBX2YAv7sDjti6fLA4U_peEEgIam4ZGpOoshGN-RyeAH-q0xkAVksWaf8zY-DAIhbBaBnq6yZ_u3sW8mlVFYnvD3mJDlblOiDHKste1TkLh4sfGq-M/s320/001-binve_01.png)
Also, there has been a lot of hoopla recently about the strong shift within the last couple of weeks from very bullish sentiment to very bearish sentiment. And while it is a relevant and useful short term observation, it bears being put into perspective.
And we are still on the much more bullish side of long term sentiment right here:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjAzG-1xfktJoFMSSffTMuI0xn-9blL7l1A2Nf-wnqV7DX6qy8XAMcJGJvvZu2SB0HPjKDPV6aplc2z4qE32LCjkNJO-rE3Gsy6VV2l1-_wO0CEo8G08kfSQYrnu68e54d7RLdyIwYxXp3Q/s320/001-binve_02.png)
Again, do not misunderstand what I am saying. I am not saying this is "THE TOP". But I do think we have a significant top in the formation process. I am not expecting a crash, more like consolidation for the next year or so.
For a good discussion on some more long term sentiment analysis, see this post: The BPSPX and the Secular Bear Count