Again, the effectiveness of the «magazine cover»
as a contrary indicator is at extremes, when an event has so clearly run its course in reality and market prices that it is taken as common knowledge.
Since the public is invariably wrong at price extremes, it certainly can be helpful to track the public's sentiment and use
it as a contrary indicator.
Since the public is invariably wrong at price extremes, it certainly can be helpful to track the public's sentiment and use
it as a contrary indicator.