Does Total Caps Membership Mirror Market Sentiment?
I have been a member since late 2008. When I joined I belive MF membership was around 64,500.Overall membership seemd to hover in that area for several weeks, rose some then started to drop off as the market declined further. Over the last week or so I have noticed membership climbing which has coincided with a more bullish market. I have not personally seen membership numbers this high yet and they are increasing daily little by little. Today it's 65,691 Has anyone tracked this? Any TMF members wish to comment? We may need a new index to track coming market moves! Maybe MFIX like SPX for the S&P LOL It would be fun to chart this against the S&P if someone hasn't already done so. It would make an intuitive sense that as potential investors become more optimistic about the market that MF membership would grow but I have no idea how to verify this.