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Strategies & Market Trends : Natural Resource Stocks

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To: gold$10k who wrote (7703)	2/13/2004 1:11:34 AM
From: isopatch	Read Replies (1) of 108758

vt. Good post. And, we all know there are no guarantees. That disclaimer aside, Contrary Opinion is one of my fav indicators. Every time we're facing a top in a sector? The vast majority of traders are more bullish and complacent about downside risk than usual, the cheerleading gets louder than usual, and you see a more stuborn determination to stay fully invested. Despite the more emotional nature of how opinions are held and expressed, there's a high level of denial that this is the case. And self deception in that regard is often supported via an over reliance on the more subjective types of analysis. Not talking about LT buy and hold folks. And, I'm NOT picking on anyone, in particular, on other threads. Let's fact it. Even a significant ST tops (that only last a week or two) there are so many bagholders it's impossible to count them. Well, that's enuf for one night. Cya tomorrow. Iso

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