Cross Your Fingers

Maybe we can hold here.

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2 Thoughts on “Cross Your Fingers

  1. Why should we be looking at that particular peak and not the bottom before it and how is that all related to contrarian investing because of which I read this blog?

  2. Chad Brand on January 19, 2008 at 11:30 AM said:

    Well, when the market looks the ugliest, it often is actually nearing a bottom, as sentiment is generally a contrarian indicator. I showed a chart earlier this month, and those support levels were taken out. The next support level is 1325 and Friday we closed exactly at 1325, so I thought I would point it out. It might be meaningful, it might not be at all. Only time will tell.

    Also, keep in mind that this is an “investing” blog, not merely a “contrarian” blog. I write about a wide variety of investing topics and not all of them are about contrarian thinking.

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