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


To: Killswitch who wrote (14629)9/20/2002 7:53:53 PM
From: Claude Cormier  Read Replies (2) | Respond to of 19219
 
Another opinion on extreme numbers.

zealllc.com



To: Killswitch who wrote (14629)9/20/2002 9:57:25 PM
From: macavity  Respond to of 19219
 
A lesson hard learned.

Brian thx for that I am going to save that 'in my library'.
This sentence is the one that jumped out at me.


Because the power of contrarian sentiment analysis is derived not from focusing solely on sentiment on market declines. One focuses instead on the sentiment on counter-trend moves. In bull markets, the counter-trend moves are to the downside, and it is a bullish contrarian indicator when there is an excess of investor fear on such moves. In bear markets, the counter-trend moves are to the upside, and it is a bearish contrarian indicator when there is an excess of investor complacency on such moves.


appreciating your posts.

-macavity