The best contrarian there is is thorn and his handles . If he says top you had better not short. If you think I am kidding, do a search for his top calls that started at 1140 under his different handles.
with the poll so one-sided, i guarantee that this is an intermediate term top and this call IS correct!
It is quite dangerous to draw a conclusion from a poll with 35 votes ! Also amazing how people are anxious to find the information which confirms their bias.
lol. i went to business school, and from what i remember 35 votes is more than enough of a sample to make the result statistically relevant. as far as my reasons, they have already been mentioned here, and are very concrete.
just last week he made the ultimate contrarian call on crude.........after the 72 degree saturday we had here...nyc area....he could`nt wait to get in & cover his shorts after testing the critical 55 zone.......he stated it was just too obvious to be short when everyone & their brother were leaning that way.
I haven't done much in the indices this month (I'm still short a few from 60 pts lower) but I added this am at 38.75. Fortunately my shorts in the EuroFX and bonds have made up for my index losses in spades. I've come to realize the importance of diversity.....
Agree, assuming a reasonably normal distribution, 36 samples is all that is generally required to get a statistically significant inference. TS
Yes 35 good enough . We could save tax payers a lot of money by eliminating official votes and just asking 35 people in my neighborhood who they would vote for. Living in Utah, you would have a republican president for eternity !