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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (865)	5/7/2003 5:04:57 PM
From: GraceZ	Read Replies (1) \| Respond to of 4905

>>>Sentiment is meaningless as an indicator simply because it always follows price and price has zero predictive value.<<< false conclusion from a false assumption. Are you saying sentiment doesn't follow price? Where was the public sentiment back at the peak? You think the public sentiment is bullish because a bunch of pros who are trying desperately to keep their jobs are saying buy stocks? Public sentiment is very low. Don't take my word for it, go out on the street and talk to people. I deal with them and their money fears daily, this is how I know. Are you saying price has predictive ability? Does it predicts how the economy is going to do or how the market is going to do?