Table 6-1depicts of event combinations associated with the claim that the Bullish Sentiment Index is a contrarian indicator. No-tice that the two diagonal cells are labeled as “hits”. A hit occurs when an event takes place that validates the contrarian theory. Either sentiment is bearish and the market subsequently rises (a positive hit), or sentiment is bullish and the market subsequently falls (a negative hit). Notice that all of the event combinations depicted in Louis Rukeyser’s sentimental journey are hits.