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Something Interesting

Over the past few weeks I have noticed something interesting. A number of people I know are cancelling their subscriptions to various data and information feed as well as a few information related forums I know of. Their rationale is that they have grown tired of waiting for the market.

If I didnt know better we are about to see a transfer of wealth from the weak and impatient to the strong and the patient.  Some price action theories suggest that at market bottoms people eventually lose patience and give up.

Time will tell……….

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Comments

  1. I saw a survey of Australians with the result that only 7% of them thought that Equities was the best place to invest. From memory bank accounts was around 50%

    My thought was the same as yours – Fair chance that a nice run up is coming

  2. And another contrarian indicator I watch for is the number of shelves in bookstores devoted to Trading. Would have to be the smallest amount linear metres of books for sometime.

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