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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: John Madarasz who wrote (68964)	2/11/2001 5:37:27 PM
From: Psycho-Social	Read Replies (1) \| Respond to of 99985

Not a Jake Bernstein Groupie... Although I subscribe to Jake Bernstein's daily advisory service, I do it strictly to get the Daily Sentiment Index readings on the S&P and the Nasdaq. I've never tried any of his recommended trades or traded commodities, so I don't know if his system works. What I do know, based on computer back-testing done while I worked at Flexible Plan Investments, is that the S&P DSI is a good contrarian indicator for the stock Market. Further, the Nasdaq DSI, published since 2/28/00, shows almost identical patterns vis a vis the Nasdaq. Both indicators give fairly frequent oversold/overbought signals, so there's no inherent contradiction, when indicators with a more intermediate orientation, such as Consensus Inc, do not move in sync. I have the historical DSI data in Excel, with graphs, so you're welcome to examine it yourself if you want.