Based on this thread, here’s my Piggington Sentiment Indicator:
Number of posters who are:
Bullish: 2
Slightly Bullish: 5
Unsure/Holding: 3
Slightly Bearinsh: 2
Bearish: 1
Counting strong bulls as +2, weak bulls as +1, unsure as 0, slight bears as -1 and bears as -2, then dividing by total posters, this comes to an index of +0.39. This very slightly bullish value sounds low, but Piggs are a pretty doom-and-gloom, bearish bunch as a whole, and I imagine this is much higher than it would have been a year or two ago!
