I have been studying and trading the financial and commodity markets for 20 years now.
I do not use sentiment indicators for the exact reasons mentioned.
However, at times, markets can be very orderly and predictible. It is all probability, of course, as there is no "unified theory".
When things line up properly, I find predicting the future course of a market easier than profiting from that prediction.
It is the difference between perception and execution.
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