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Many years ago I talked with Jake Bernstein about it. At that time he
selected a group of constant and persistent losers (people who were always
wrong on the market) and they called him daily with their opinion of the
market. Their opinion remarkable pinpointed turning points (at least on SP
I was monitoring).
I was on that list for some time (do not even dare to think why). The
problem Jake had was the attrition. By the nature of the selection those
people run out of the capital, quit trading and stop their interest in the
market. At some point Jake (jokingly) considered to bankroll those people
so they would continue their trading so good were their opinions. The group
disappeared (to the best of my knowledge).
Is anyone interested in my opinion of the market?
Alex.
At 09:24 AM 8/11/99 -0400, Howard Hopkins wrote:
>Jake Bernstein talks about a Daily Sentiment Index for futures in his book
>`Why Trdares Lose, How Traders Win`.
>
>Does anyone know of a daily or weekly measurement of futures traders
>sentiment?
>
>Any suggestions in this area are appreciated.
>
>Thanks,
>Howard
>
>
>_______________________________________________________________
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