Yeah, assuming we're still the dumb money. :blink: It may be a mix.
Coolhand's sentiment charts show all users, and another with just the top accounts and where they are putting their money. Whether the top is the smart money - or they just happen to be "hot" - could be reason enough to follow along.
The bottom, or those just currently out of sync with the market (and I have been in this categary many times) can be used as a contrarian indicator.
We all have those times where everything we do seems right, and other times when we can't pick the winner of a one horse race. Knowing where you are at that moment can tell how much to trust your instincts. But as I said, the ones near the top or the ones rising, are people who are in sync and I would consider the smart money, at least at that moment.