Investor Sentiment A technical analysis tool that is sometimes used to predict market movements is an investor sentiment index. AAII, the American Association of Individual Investors, publishes an investor sentiment index based on a survey of its members. In the following table you will find the percentage of investors who were bullish, bearish, or neutral during a four-week period:

Week Bullish Bearish Neutral 1 37% 25% 38%

2 52 14 34 3 29 35 36 4 43 26 31 What is the investor sentiment index intended to capture? How might it be useful in technical analysis?