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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Haim R. Branisteanu who wrote (37195)2/6/1999 1:07:00 PM
From: James F. Hopkins  Read Replies (1) | Respond to of 94695
 
I agree; and don't put a lot of faith in them, however I have
gotten use to the bull/bear ratio on SI, and do use it in
a contraian method & when it goes to extremes it has been
a fairly good indicator.

The market tends to fall when it get really
bullish, and go up when it gets bearish.
I don't hang my hat on it but I don't just blow it off either.
If it's not confirming my other indicators then they become
somewhat questionable.

At this time while mostly I see some more downside the MM money and bull/bear ration is not confirming that ( at this time. )
So like I said I see a chance of a bounce.
--------------------

The smos at the race track that bet every race are the losers,
& I've watched them for years. They don't understand odds,
but think they do. And they never know when to pass.
Seeing a toss up race at the track ( and many are ) but having
the patience to wait until the crowd goofs up and leaves
some high odds on the tote board on a good runner, because
of their sentiment and emotion are the only bets I take.

My problem with the market seems to be more in selling my picks, or closing my shorts to soon.
The market seems to go to more extremes than I count on once
I'v got money in it. However when I do put money in it ,
it generally at least goes the direction I'm betting on.
I hit at least 4 out of 5 bets, thing is
I seldom try to knock one out of the park, and often see with
hind sight that I should have held my position longer.
It's like I'm a good base hitter but not so good at home runs
because I still chinch up.
Do you remember my short MDY long SPY style if I think the
market is going down, but not really sure, from some back.
quicken.excite.com
It works.
Jim