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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: LTK007 who wrote (15823)8/19/2001 4:59:14 PM
From: jeffsthoughts  Read Replies (1) | Respond to of 52237
 
So if contrarianism is becoming a fad, a bet against contrarianism would be a bet against the popular thought. Can one consider a bet against contrarianism as contrarian? Heh heh...



To: LTK007 who wrote (15823)8/19/2001 6:07:36 PM
From: sea_biscuit  Respond to of 52237
 
I agree with you. Magazines (and its readers) seem to think that if they print a cover with a bear on it, things will somehow start turning up! That is not bearishness! Flip the pages of the same magazine, and you'll find the same old "Top 7 picks for the next 1/5/10/20 years" or "Top 10 winners when the economy recovers" etc. etc. :-)

Show me a magazine cover with a bear on it in 2003 and then, maybe I'll look into it.



To: LTK007 who wrote (15823)8/19/2001 6:25:54 PM
From: bobby beara  Read Replies (1) | Respond to of 52237
 
the old idea that when Magazines become bearish, means the bottom is in,is myth,sometimes they are right and sometimes they are wrong>>>>>

Nothing works as good as a call to miss cleo -g-,

but the odds favor magazine covers as fairly good contrary indicators, nobody knows the future, as market timers you look for odds.

bullish and bearish mag covers were in the same month of these major turning points
3/01
3/00
9/98-10/98
4/98 (mo top, minor new high in july 99)
12/99 Bezos cover, amazon top

about the time the trend has reached the attention of the mass media the trend is widely known by the public and the trend is mature, these things don't always work on a dime it took almost two months of bearish magazine covers and newpaper press to bottom the 98 market, but they are at least indicators that the trend is maturing.

b