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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: t2 who wrote (11601)	4/13/2002 2:28:09 PM
From: Square_Dealings	Read Replies (1) \| Respond to of 19219

The VIX is the best sentiment indicator I know. These AAII and other surveys are all BS imo just as most of the government reports and energy industry (API) reports. The numbers are manipulated to present whatever view is most profitable to the insiders. The VIX on the other hand tells the story. There is plenty of bullishness still, because theres little change in the VIX so far. askresearch.com We are in a bear market and we just had one hell of a bear market bounce. Now we go down for wave 3 of 3 just like GE is starting. Massive tops on stuff like IBM. M.

To: t2 who wrote (11601)	4/13/2002 4:44:41 PM
From: High Country Trader	Respond to of 19219

AAII poll is absolutely worthless as a timing tool, even at its extremes - unlike Investors Intelligence or Consensus. Simply look at the past five years or longer data for AAII and you will see. It's too random, rapidly changing week after week on the whim of individual investors. Also, (and you might want to check this) I believe the polling doesn't even consist of the same investors week after week - unlike the other polls. It was just a couple weeks ago we were hearing there were too many bulls at AAII and a big decline was imminent. AAII seems to be a favorite tool to trot out for hard core bulls or bears since it alternates so rapidly between bullishness or bearishness.