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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: GraceZ who wrote (160049)4/15/2002 12:39:45 PM
From: reaper  Read Replies (1) of 436258
 
What does it tell you (about the market) that you're NOT getting flamed?

Look, even if Regis did say what he said (and I've heard it a couple other places, so unless KIS has started an urban myth on his own I guess its true) I would hardly view that as a big contrarian signal. ONE GUY saying "sell" in the face of a barage of "positive economic news" from CNBC to Dan Rather to our elected officials hardly constitutes a contrarian signal.

Remember, the CROWD is actually CORRECT, except at turning points. IF we are still in the 1982- bull market, then Regis is a contrarian signal. IF we are instead in a grinding bear, then Regis is merely a small continuation signal as the recognition wave is slowly coming upon us.

Cheers
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