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Re: market_watcher post# 113364

Sunday, 06/01/2003 2:02:37 PM

Sunday, June 01, 2003 2:02:37 PM

Post# of 704041
If you're going to claim to have a better 'mousetrap' for reporting sentiment, by all means, lay your cards(to switch metaphors)on the table. <<<<<

Sentiment is one of the squirreliest indicators around, i would never claim to have a better mousetrap, it's highly subjective and works best in trading ranges where you have a benchmarke for tops and bottoms,

and using contrary sentiment during trending markets is an exercise in futility, because crowds create trends, the question is have we entered a bullish trending market or is the nasdaq bull trapping everybody, while the dow is failing to break the range, and that can only be answered in the fullness of time, place your bets and make sure and use stops -g-

somebody else thinks the rumpus rooms have cute little teddy bears all over the walls =gg=
http://www.traders-talk.com/site/mb/show_topic.asp?id=38896&folderid=1

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