The S&P is looking very toppy

James Stock · Jan 20, 2004

Quote from Pabst:

Well I'm short but I'm non-plussed at the bearish consensus.

Pabst, what does "non-plussed at the bearish consensus" mean?

The bearish sentiment is very low right now, right?

Pabst · Jan 20, 2004

Quote from James Stock:

Pabst, what does "non-plussed at the bearish consensus" mean?

The bearish sentiment is very low right now, right?

I think it's very high. Everyone I talk to is short!

Jeffo · Jan 20, 2004

How many times are you going to change your mind between now and the "top"?

TD80 · Jan 20, 2004

Pabst what if everyone you talk to is a pro? Great minds think alike

. I for one as a trend follower will wait for the first plunge and reaction before getting to excited bearish-wise.

Goodluck,

VisionTrader · Jan 20, 2004

Be traders, not speculators.

James Stock · Jan 20, 2004

Quote from VisionTrader:

Be traders, not speculators.

You can't be both?

James Stock · Jan 20, 2004

Quote from Pabst:

I think it's very high. Everyone I talk to is short!

What about the II sentiment and the other one, the AAII or something like that? They are tilted very bullish now.

Trend Fader · Jan 20, 2004

Quote from TD80:

Pabst what if everyone you talk to is a pro? Great minds think alike . I for one as a trend follower will wait for the first plunge and reaction before getting to excited bearish-wise.

Goodluck,

Problem with that strategy is that sometimes there will be no decent reaction for the trend followers to hope on board. Especially in overbought markets like these.

The bulk of the move can come in 1-2 days .. similar to a stampede.

James Stock · Jan 20, 2004

Quote from Trend Fader:

Problem with that strategy is that sometimes there will be no decent reaction for the trend followers to hope on board. Especially in overbought markets like these.

The bulk of the move can come in 1-2 days .. similar to a stampede.

That's what i'm suggesting. A capitulation day coming soon. I disagree that there's high bearish sentiment. It's actually the contrary in my estimation.

welcher's Mom · Jan 20, 2004

Quote from James Stock:

That's what i'm suggesting. A capitulation day coming soon. I disagree that there's high bearish sentiment. It's actually the contrary in my estimation.

you all better listen to HIS words, he is so good. MY jammie IS ALWAYS RIGHT