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Strategies & Market Trends : Point and Figure Charting

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To: Smooth Drive who wrote (7471)	9/20/1998 5:38:00 PM
From: Brumar89	of 34816

Magazine covers as a contrary indicator. Just read Eric Stendahl's great post and it prompted me to briefly thumb through Tom Dorsey's Point & Figure Charting book. On page 142, Dorsey notes that magazine covers can be used as contrary indicators. Well on the magazine racks at a Randall's grocery store, I just noted the following covers: Fortune: The Crash of '98 Forbes: Is It Armageddon...or October 1987? Business Week: Misfire: Wall Street Rocket Scientists thought they had a surefire way to beat the market but they were wrong (not as clearly bearish as the others but worth mentioning) and lastly, Esquire: Economic Collapse: What Did You Do During the Crash Daddy? Regards, Bruce

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