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Hi Bob,
Apologies for the newbie question, but how do you tell?
I did predict that all the confident longs would get shaken out of
gold if they bought around $850 but it was becuase everyone was saying
it newsletters, blogs, etc.
I would like to learn more about how to determine where the overall
sentiment is in the markets as you describe below. Any info or links
to more information is greatly appreciated.
Thank you,
Caroline
> 1a. What's next
> Posted by: "Robert Arbuckle" bobskc@xxxxxxxxxxxx bobskc1
> Date: Fri Aug 15, 2008 12:22 pm ((PDT))
>
> I realized today that I have not seen so many people on one side of the
> market since I have been trading. (37 years). It seems that everyone and I
> do mean *everyone* either thinks we are going down short term or long term
> or both. I can see the argument clearly but I also know how much money I've
> made taking the contrarian side and when I see this much over-load to one
> way of thinking, I'm not going to put much faith in it happening.
>
> Hope everyone had a great week.
>
> Bob
>
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