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Strategies & Market Trends : Investor sentiment surveys - a technical indicator
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To: kx who wrote (151)2/1/1999 10:54:00 PM
From: Q.   of 167
 
KX, sentiment surveys are useful indicators only in the fairly rare instances that they have very extreme values. We almost got to those extremes in the last 2 weeks, but not quite.

They just aren't that extreme now. So I wouldn't try to predict what will happen next week, or two weeks or 20 weeks from now based on the prevailing readings.
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