When will watching sentiment become some widely used that it becomes useless, I believe we are close to that. The put/call ratio ain't what it used to be. Rennick
When will watching sentiment become some widely used that it becomes useless, I believe we are close to that. The put/call ratio ain't what it used to be. Rennick here ---------------------------------- agree yes. You have to be creative and use a blend of sentiment, not just one or two out there, but its odds and trading with support-resistance and price..... I look for extreme readings only
Trying to monitor sentiment is 40% of my gig. Very tricky business. Believe it or not sentiment was bearish on the May highs. The crowd was right and Pabst who was also bearish got reamed flipping long because he thought his shorts were errantly positioned with the crowd. And you're right about the P/C. In fact OEX P/C levels have been anything other than contrary......
All I focus on is what is happening right now at the hard right edge of my chart. This morning it said go long so I did. 1998-2000 showed me sentiment can stay bullish and bearish longer than most can bear.
-------------------------------------------------------------------------------- Quote from roctrend: Quote from roctrend: Predictions are for losers, those that cant trade....predict for what? Ego? trade price and volume. I lurk and wait for sentiment like AAII and ET Posts, etc. you trade with the Crowd? ha.Resistance 1269 look out if above, will go to 1285 if breaks by few points. 50-200 day shorts. But let's see if 1269 holds first. -------------------------------------------------------------------------------- Hmmm, that sure looks like a prediction to me. -------------------------------------------- looks like obvious resistance to me.... you can short when gets farther above to me......trading is so easy when no bias day to day.....i am sure trading is tough for you....
The cold hard facts are we have really gone know were, I was looking at the NDX 100 chart it really tells the story. All the yelling all the screaming and for what? So how much is the SP-500 up over the last two years, how about the Dow?
Registered: Jul 2006 Posts: 51 07-21-06 10:05 PM I also think we are going to get there, but I don't think we will get there next week. The most likely target on this go around is 1201-1206. Worst case scenario will be 1164-1170. If we drop to the lower number we will get another rally taking us close to 1200. ---------------------------------------------------- this is all i need to post ....your words...getting rocked? Im out by kiddies...pikers, back to lurking and fading you. OUT