right, except when the contrarian indicator becomes too popular (as I hear VIX being advertised on bloomberg everyday), itself becomes the contrarian - contrarian indicator.
this stock market thing drive people crazy doesn't it? http://www.amazon.com/Psychology-Stock-Market-G-Selden/dp/0870340166
Really good size positive delta divergence with the pullback of the ES to the 1377 area just after the "beige book".. was a buyer again in the 1379's and we had a good bounce out of that area. I would like to see the HOD get tested today prior to the close..that would be a nice run.
Oh NO..fat guy bounced up 2 feet in the air and then came down and crushed the side of your above ground pool. :eek: ..RUN, RUN, your yard is flooding with water.