The Consensus View I think most of us would agree it is valuable to understand the consensus view of positioning in the markets we trade. Whether you are a intraday trader, intermediate term trader or long term trader knowing what the herd thinks can present some interesting profit opportunities. I believe most of the market analysis is done by a few and spread to the masses. Mostly a decision made on underlying fundamentals or a belief of what the fundamentals are. Who are the few who spread the analysis to the masses? Most people will accept without a lot of thought what the "experts" say is going to happen. The snowball effect takes place and few are willing to speak of a different view. I have made a goal to get a better handle on what the masses are saying and thinking about the markets I trade. I use this information to position against the view most of the time or just to understand what might happen when data hits and markets trade emotionally for a session or so. Most of the time I just watch the market and come up with an opinion on what the consensus view is based on very limited information. I trade mostly in the currency markets. I would like to know how the larger traders, institutions, hedge funds decide how to "generally" position in a market based on the consensus view. For instance, if "such and such" thinks the EURUSD is going ot 1.6000 by the end of 2007....who is such and such? Maybe it is easier for stocks and index futures, but for many tradables I am not sure where to look. My question is how do traders, isolated and with little resources other than what is on the web, discern what the consensus view is for the market they participate in? I think forums like ET might be a great place to help traders come up with what the herd is thinking based on comments in a thread like this. I was hoping traders might use this thread to glean information, filter out what is of no use, and come to a feeling for what the consensus view really is in the trenches I was thinking some simple, plain english, discussion would be good for most of us, but for those of you who are more knowledgeable on economics and fundamentals, well then have at it. Just simple comments are valuable. For instance, "I mostly trade AAPL and I think it is going up this year because of the iPhone"....or something like, " I am bearish the British Pound because there is no way a "Pound is worth twice as much as the dollar"....or "real inflation is in food and energy, I am buying calls on wheat and soybeans"....... Maybe you subscribe to a publication, read at a website, know an analyst from the big house, etc.