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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: ild who wrote (106970)6/6/2001 4:59:55 PM
From: pater tenebrarum   of 436258
 
i do follow their stuff, but they have proven quite a few times to be a contrary indicator...that's because their backward looking data are practically useless (they tell you nothing about the future), and their forward looking estimates are mere guess work (sometimes they get it right, and most of the time they don't).

but their liquidity data are read by a great many people...so their stance influences sentiment. and that makes them a contrary indicator (doesn't always work, but works more often than not, similar to their estimate percentages).
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