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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?


To: Jerry Olson who wrote (16972)3/1/1999 9:12:00 AM
From: donald sew  Read Replies (1) | Respond to of 44573
 
Jerry,

I, also, dont care what the majority thinks especially when my CLASS signals, both buys and sells, comes at times when the market is heading in the opposite direction, so often its contrarian.

I only mention this since some here take the contrarian positon of the average investor. But what I have noticed is that sometimes they use the sentiment on some of these threads as the feelings of the average investor, which I feel is not the case.

My position for the very long term is that within 5 years we could see the P/E for the S&P back in the 15-20 range. But, we could still head higher still in the nearer term.

If the market does head to 10,000 it just makes shorting the market better as long as the market internals stay weak. Im not saying the market will move up to 10,000, just that I won't underestimate the manic characteristics of this market.

seeya