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


To: Boca_PETE who wrote (229)7/12/2000 1:34:57 PM
From: Investor2  Read Replies (1) | Respond to of 10065
 
RE: "Are sentiment stats always or sometimes relevant?"

Sometimes. The relevance is limited to times when the sentiment is extremely bullish or extremely bearish.

IMO.

Best wishes,

I2



To: Boca_PETE who wrote (229)7/12/2000 2:07:13 PM
From: marc ultra  Read Replies (3) | Respond to of 10065
 
Pete, re<<<<are sentiment stats always or sometimes relevant ? If sometimes relevant, when (ie. only at major market turns, also at turns
that are counter-trend rallies) ?

Don't know what Bob's thoughts are but for the counter-trend rally I think we are talking more in terms of short term overbought and oversold conditions. I would therefore think while broad sentiment measures might be interesting, I would tend to expect a short term run to a short term top might be more indicated by the daily P/C ratio.

I Would also think while we could have decent volume going into a final counter-trend top, it should not be at all powerful to the point that would suggest a sustained move to new highs but that's a guess. Anyway, you have strained my technical analysis abilities to where I have to rest for a year or so before I re-attempt such comments and make a potential fool of myself. Maybe on the next counter-trend rally I will try to figure out oscillators
BTW, I'm hoping for a good report out of ARBA tomorrow as it is the only individual B2B stock I still hold

Marc