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Wednesday morning's American Association of Individual Investors survey
revealed that as of this week, 63.5% of those surveyed were bullish while
21.62% were bearish
>From: DH <catapult@xxxxxxxxxxxxxxxxxx>
>Reply-To: realtraders@xxxxxxxxxxxxxxx
>To: realtraders@xxxxxxxxxxxxxxx
>Subject: Re: [RT] Market sentiment
>Date: Sun, 06 May 2001 16:45:19 -0700
>If everybody is already long,
>there is nobody left to buy more, so the only way the market can move is
>down. That makes sentiment a perfectly logical contrary indicator.
>
>Of course, the devil, like in any survey, is in who you ask and how you
>ask it. There are lots of big players and you can't ask them all, even
>if you make the *big* assumption that they would give you an honest
>answer. :-)
>
>--
> Dennis
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