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Strategies & Market Trends : Classic TA Workplace

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To: Paul Shread who wrote (64467)	1/24/2003 1:31:25 PM
From: reaper	Read Replies (1) of 209892

paul -- any idea what the AAII numbers were near the market bottoms in July and October? frankly, and i've said this 100 times but i'll repeat it anyway, i think the AAII is the 'smart' money at this point and while spike lows in bullishness should probably be faded, the overall 'trend' of bullish readings should be down and should be respected. it's their money that's in the market, after all -- if the advisors had any money they wouldn't be advisors <g> Cheers

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