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This looks like a pretty solid contrarian indicator for the top of the markets!

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Lucky Luciano Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-13-10 03:55 PM
Original message
This looks like a pretty solid contrarian indicator for the top of the markets!
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tularetom Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-13-10 04:00 PM
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1. Perhaps not as certain as "Cramer" saying so
but a pretty good "sell" indicator nonetheless.
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yellowcanine Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-13-10 04:02 PM
Response to Reply #1
2. Better than Obama proclaiming it on a ship with a big banner behind him.
a la "Mission Accomplished"

I am not selling.
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Subdivisions Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-13-10 04:03 PM
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3. Time to sell! n/t
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-13-10 04:08 PM
Response to Original message
4. Does that mean I can sell that gold I have been hoarding??
Yes, I confess.
That much ballyhooed "shortage" of gold was because I have been burying my hoard in the basement, waiting for just a moment like this to SELL SELL SELL!
Actually, I should wait until Beck confirms this, do ya think?
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librechik Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-13-10 04:08 PM
Response to Original message
5. Oh, that biased liberal Newsweek. If it's not in the WSJ, it didn't happen.
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safeinOhio Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-13-10 04:20 PM
Response to Original message
6. time to bet the farm
and go short on the market.

It is really simple, buy low, sell high.
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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-13-10 04:21 PM
Response to Original message
7. Sure does.
When fools rush in, that's when the smart money takes their profits and sits back for a while, waiting for the inevitable crash to reinvest.
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