The Art of Contrarian Trading

At the top of this post you will see the September 23 cover of Time Magazine. Right below it is an image of today's New York Times front page. And below that is an image of the May 17 Economist cover.
I learned from Paul Montgomery, the inventor of the magazine cover indicator,  that the image of a bull on the cover of Time Magazine has bearish implications for the next 12 months (although the market may well rally for 4-8 weeks after the appearance...

As you may know the Japanese stock market has more than doubled in the last seven months. Last week The Economist featured the Japanese prime minister on its cover as superman. A couple of days later the New York times published a front page, above-the...

Here is the latest cover of The Economist. It shows an imagage of a bull breaking through a wall, presumably the wall represented by the previous all time high points the Dow and the S&P had reached in 2007. The top chart is a daily chart of the...

Here is a daily bar chart of the euro priced in dollars.
The EUR.USD is very much on the markets' mind now with the Cyprus banking system hanging by a thread. But after a downard adjustment to this news last Sunday night the euro has managed to hold its own as mini-waves of optimism and pessimism have washed...