Matt,
>>>> With all of you short, there will be nobody to sell to. The last time I saw so much bearishness on this thread, the market rallied for three straight days. I wouldn't be surprised if we gapped it down and rallied all day. <<<<
Please do not take this as an arguement but as an observation. Over quite some time I have noticed that some have used the opinions on this thread as a judge for the overall market. Many times in the past, I recall some bulls using this thread as a contrarian indicator. I recall many times that when this thread was strongly bearish, I questioned the J6P who were still bullish, so I just dont see this thread as being a good contrarian indicator.
As for calling the market, I believe that the majority of the opinions on this thread since the spring has been from the trading range trend to bearish, with some overly bearish. Also there has been alot of talk on this thread concerning SECTOR ROTATION. If one examines the market since the spring time, I may be wrong, but I feel that overall this thread has had accuracy in calling the market.
I also feel that when some hear some overly bearish views, they believe that all/most are overly bearish, which is not the case. For example, some here are somewhat bearish but also felt at there was a good chance for a blow-off top. Also, the issue of contrarian views are discussed often here; one form of which is the PUT:CALL RATIO.
So, Im not convinced that this thread is that good of a contrarian indicator. Im not saying that this thread is right all the time, just that this thread may not be a good contrarian indicator.
Seeya |
