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

To: dvdw© who wrote (12619)	6/7/2002 4:56:34 PM
From: J. P.	Respond to of 19219

To anyone: I was surfing around SI market trend threads and my unscientific estimate is that 90% of people are near term bearish as are most of the SI "gurus". In fact I only found one or two people that were cautiously bullish. SI guru Zeev Hed is calling for another 150 point drop on the NDX and his cult followers are in unanimous agreement (got to admit he's been right so far). So the huge majority of bears have been right, what does this say about contrarianism? Where are all these bullish people that the bears say have not capitulated? Is contrarianism really effective in a strong up/downtrend? I'm not knocking it, I'm just wondering about it's true usefullness. Edit: Always wondered what's in it for the "gurus"? What do they get out of it? They don't get paid. Is it some sort of ego deal? I've seen them come and go in the 5 years I've been reading this website. Some go out under scandalous circumstances, some just disappear, some just end up being wrong so much people lose interest and they drop down the "hot" list until they are gone....the market eventually ends up humbling one and all..anyone remember Steve?