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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: vampire who wrote (57074)4/26/2002 12:45:36 PM
From: Jeff  Read Replies (1) | Respond to of 99280
 
you are wrong again.....

when i came here....folks were expecting the spring rally and i saw targets on this board of as high as 2200.....

but i knew this market was capped at 1946.....

maybe this weekend i'll post a chart i use and show you exactly how i saw this decline coming while others saw a spring rally.....

i think you will find it interesting....



To: vampire who wrote (57074)4/26/2002 12:59:16 PM
From: t2  Read Replies (1) | Respond to of 99280
 
most folks here are bearish and watching for capitulation

I have come to realize that this is not a contrarian indicator. I would actually call it the "smart money". Most of these individuals are the survivors of the bubble and later bursting.

I am looking at SI in a different way.

Recall, how bullish people on these boards were back in the late 1990s...guess what, the market went up.

It is the non-traders one should look to for contrarian indicators. Of course, there are no guarantees and most of these could be wrong...and I would note many seem to be in cash, either waiting to buy or short FWIW.(based upon what I have read)

good luck.