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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: marc ultra who wrote (6640)	7/8/1999 4:32:00 PM
From: marc ultra	Read Replies (2) \| Respond to of 15132

I wonder if everyone is out acting on their newsletter while mine didn't come yet. Actually I have an untested indicator that argues against a sell signal. UTEK doggie was actually up today and I would think we would have had some pressure if Brinkerites were dumping it<g>

To: marc ultra who wrote (6640)	7/8/1999 8:50:00 PM
From: Justa Werkenstiff	Read Replies (2) \| Respond to of 15132

Marc and Kirk: Re: "In other words, I don't think the bulls/(bulls+bears) ratio is as useful as it used to be as too many are using it and probably distorting the numbers." Re: "If bullish sentiment gets extreme this feedback would tend to then make timers less bullish(or bearish as the case may be) since so many have this as a contrary indicator whether basically a fundamentalist or pure technician." I might be missing something here. But it seems to me that if you make this argument, one must distinguish between what has changed today to make this scenario more likely than in the past. After all, Investor Intelligence voters could have been easily swayed by the opinions of other voters by reading and considering the results twenty years ago. What has changed between now and then to say that it is not as useful an indicator today as it once might have been?