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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: Road Walker who wrote (10575)2/18/2002 3:47:27 PM
From: Zeev Hed  Read Replies (1) of 19219
 
John, I am not going to argue the rationale of those signals, I am using this as one of few sentiment indicators, not because they for sure indicate what the "public" is doing, but because, historically, they have worked quite well. You could construe that maybe it is a good counter indicator to the speculating "masses" or not, but it "correlates" and that is really what counts.

Zeev
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