You Know How We Love Sentiment Indicators Recently

So Schaffer's Research's latest finding in their Investor Intelligence opinion poll (Cheshire Cat Grin) , published yesterday and seen below on a 1 year chart,  which is a different source than the AAII poll I've been publishing, but the same concept, finds a whopping 54.7% are bullish and a meager 21.1% are bearish for a spread of 33.6%.

The lowest bullish reading for all of 2012 (published on a monthly basis rather than weekly, but we can still make out the information needed) can be seen below...

We see the lowest Investor Intelligence reading was just after the monthly print at 5/25/2012, of course the market bottom for 2012 was several days later at June 4th (6/4/2012)