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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 670.92+0.1%Nov 7 4:00 PM EST
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To: Gary Wisdom who wrote (8640)3/22/1999 7:10:00 AM
From: donald sew  Read Replies (2) of 99985
 
Gary,

Lets just say, that the only bearish comments I hear are from SI. The average investor are still mainly bullish. They say they are cautious, but very few are selling.

The context of my comment was that some take the view of SI, on certain threads, as the view of the average.

I will also say that I think many on various SI threads are a heck more accurate than most of the analysts we hear from. I dont recall a single analyst who was able to call both last JULY's TOP and OCT's BOTTOM. In fact there were few analysts who were able to either 1 of the 2 reversals. I recall there were about 5 on SI who were able to call the TOP and BOTTOM. LG and BOBBY BEARA are the 2 names I remember, but there were a few others. There were plenty here who did call one of the 2 reversal points.

So my point is that the opinion of many SI posters may not be the best views to hold contrarian positions on since SI may have a better success record than the analysts.
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