What I do find useful is a prolonged period of lopsided sentiment and I use that as a contrarian indicator. If the board is paniced I get excited.
Fearless Forecaster's Poll - Observation
Started by
sjj
, Mar 20 2008 11:52 PM
1 reply to this topic
#1
sjj
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Posted 20 March 2008 - 11:52 PM
As I'm sure many folks do, I always guess what the bullish/bearish number will be at before I vote and view. I am ALWAY right in my guess which includes a guess that it will be pretty even - and I almost always guess that the predominant vote will be for what the market did that same day. I have found myself laughing out loud at the thought that the vote is only a reflection of the most recent market direction
What I do find useful is a prolonged period of lopsided sentiment and I use that as a contrarian indicator. If the board is paniced I get excited.
What I do find useful is a prolonged period of lopsided sentiment and I use that as a contrarian indicator. If the board is paniced I get excited.
You can't be a beacon if your light don't shine !
#2
IYB
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Posted 21 March 2008 - 02:49 AM
Exactly.As I'm sure many folks do, I always guess what the bullish/bearish number will be at before I vote and view. I am ALWAY right in my guess which includes a guess that it will be pretty even - and I almost always guess that the predominant vote will be for what the market did that same day. I have found myself laughing out loud at the thought that the vote is only a reflection of the most recent market direction
What I do find useful is a prolonged period of lopsided sentiment and I use that as a contrarian indicator. If the board is paniced I get excited.
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” ― Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds
