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To: Investor2 who wrote (6316)6/27/1999 11:30:00 PM
From: marc ultra  Respond to of 15132
 
I2 re<<<Are the sentiment numbers the percent bulls/(percent bulls plus percent bears)? etc.>>>>>>>

Yes this is Investors Intelligence data and I'm talking about the usual bull/(bull+bear). I got this information from a graphic Ruykeyser shows on WSW every so often on how the sentiment is generally wrong at major turns in the market and I calculated the data out the usual way and kept a record of it. The data includes sentiment at eight different market turns with the sentiment being very wrong and often extreme at these times. It's a lot to post and I have done it occasionally. It does of course suffer from hindsight bias whereas there is no mention of all the times e.g. that sentiment got over 70 or very bearish and just worked itself out with maybe a little corrective move so for calling a bear or a bottom a multifactorial model like Bob's should obviously have a better chance if it is in fact a superior model.

Marc



To: Investor2 who wrote (6316)6/27/1999 11:41:00 PM
From: marc ultra  Respond to of 15132
 
I2 re sentiment addendum: This should be weekly readings and not any moving average.

Marc