It's a serious question. I don't think there has been a more completely accurate contrarian indicator, anywhere, anytime. Yet again. just posted yesterday: http://www.elitetrader.com/vb/showthread.php?s=&threadid=166948 This guy has some sort or true, reverse gift.
Forgot to add PeterEastgate is also known as Port, who's also known as stock_trd3r. So, they're all the same teenage boy.
Maybe he could sell himself as a contrarian indicator... ... He was very bullish all the WAY down... I mean look at Dick Bove... Called for a Buy of The Decade.. on Citibank when it was trading in the Teens... then it went to 3 and change... and still he is quoted on CNBC as noted banking analyst... Maybe he is tradr_3's father...
ooops....just reread my post........to be clear.....in my last post I didn't mean you BLSH.....I meant that stocktrader3 clown.
I don't think you can call him a contrarian indicator. He is an enternal bull in a bear market. It's the same thing as being an eternal bear in a bull market. What I am saying is that technical analysts know when the market is trending in which direction but most of us still won't make trades based purely on the yearly trend and then hold for weeks/months. He still is entertaining but the sad thing is that sooner or later he will be right. Any guy with any sense would have changed his bias a long time ago.