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Comment on survey:
It has been said time and again that survey results can differ
dramatically from actual positions taken by traders. I readily admit
that I have a bearish 30 day outlook. But my head rules my gut. The
stock market has continually rewarded those that buy on dips for quite
a while now. Until the market changes its actions and gives me a good
whipping for following it's most recent lessons, I will overrule my
bearish gut and continue to buy on dips. Therefore, I would answer a
survey bearishly, but buy until the market tells me not to.
Ross
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From: jwalker@xxxxxxxxxxx[SMTP:jwalker@xxxxxxxxxxx]
Sent: Monday, September 08, 1997 2:59 AM
To: realtraders@xxxxxxxxxxxxxx
Subject: MKT: sentiment - bears gain
Below are the results of our weekly "Guess the Dow" sentiment survey.
The survey was taken from 8/31 thru 9/6 on our web site. If you would
like to participate in this weeks survey/contest, stop by
<http://www.lowrisk.com/guess.htm> .
30 day outlook:
39% bullish, 53% last week
46% bearish, 23% last week
15% neutral, 23% last week
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