Investor sentiment surveys - a technical indicator Message Board

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Strategies & Market Trends : Investor sentiment surveys - a technical indicator

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To: Q. who wrote (9)	7/2/1997 10:36:00 PM
From: James F. Hopkins	of 167

John; if you click back you will see the post I'm looking at, I like that survey thing..we could supliment it with a bearish survey..maybe ..but the report would only be monthly.. ---------------------- The Nasdaq puts out the "short interest" I already use it on individual stocks that have a lot of short interest, it's use is limited..but entails more than I want to type. basicly it gives me a bearish sentiment via people betting real money aginst an issue. However I have down loaded the data and put some of it into a spread sheet...and can tally the over all short interest..I have not established a mean average as of yet..as I'v not done them all..but on the individual stocks that I follow I do factor in the short interest..on a relitive bases..ie the percent it changed..from the previous month.. if that is over 10% it cathes my attention. ----------------------------- Ironic as it may be if the short interst drops..then the stock goes down..and the more they short the more it's pushed up. The droping off of short interest is more relitive..it means they have already covered ...( bought the stock back )..hence that amount is not going to be bought..and it gets more complicated than I am good at explaing it, lots of extrapolating..and looking hard at the charts ( not so much for the TA..but to see the volume spikes.. that might match the short intersest data..( as it is just monthly, but a 20% change from one month to the next can be very meaninfull) provided the stock carries a fair amout of short interest..which means you have to compare that percentage wise with the shares out standing , the data also give average daily volume..tally that ..tally the short interest and you have another indicator that I have not figured out yet..I just know it is one <G> Jim

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