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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: bobby beara who wrote (27779)9/28/1999 9:41:00 PM
From: Jerry Olson  Read Replies (2) | Respond to of 99985
 
Magazine covers are the best contrarian indicators of all...

i use to be, but Ralphy took my place<VBG>....

rock on broski....



To: bobby beara who wrote (27779)9/28/1999 9:58:00 PM
From: Bridge Player  Read Replies (2) | Respond to of 99985
 
Here is a quote that I found interesting, from a well-known market player, courtesy of Joe Granville, The Granville Market Letter:

"Immediately after arriving in New York, I began to sell everything I could, in anticipation of the break I now felt to be imminent. This was near the end of September. The condition of the market could be measured by its wild fluctuations, followed by assurances from every direction that all was well. But I had heard this lullaby before. I knew that the continuity of confidence was beginning to break."

The quote is from Bernard Baruch, 1929.

BP