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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.08

-0.8%

Nov 18 4:00 PM EST

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To: American Spirit who wrote (76371)	5/2/2001 2:49:23 PM
From: t2	Read Replies (2) of 99985

Tod Harrison, the hedge fund manager, realmoney.com is still bearish it seems. Why do I keep bringing this guy up? Like I said earlier, he was so right through the entire selloff and is still betting on it. Given how the market has moved up recently (Naz), he becomes a good contrarian indicator, IMHO. The reason it would be him is that he represents the mirror image of the bulls that believed in buying on the dips. I also did that for a while--very successfully. That is what makes the perfect contrarian indicator. I am just fearing that he will become bullish--which I doubt very much. I doubt he would get bullish. I have to still acknowledge that he is one of the smartest traders I have heard of. This market can't be predicted by the smartest traders consistently. No technical or fundamental analysis will be able to predict future moves consistently

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