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

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To: Q. who wrote (93)7/11/1997 6:26:00 PM
From: James F. Hopkins   of 167
 
Hi John; The surveys work..but the amount of bull/bear ratio does
not always stay the same..it's like at one time on SI it took a
10 to set up the correcting, that has droped to a 4..and later it
may go up..I guess the ratio chages with the over all feeling
of risk taking attitude..which seems to be low right now..so it
only takes a 4.
We may be getting close, I'v pulled back a lot but not yet doing
any wholesale shorting. I'v got a couple..but I'm hedged with
some calls also.
I had MCIC pegged to the tee..and didn't get puts on her, "crap"
Jim
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