Zeev's Turnips Patch-No Politics (ZEEV)

[deuce bigalow]

Like I said, in a bull market, the magazine-cover indicator works, but in a bear market, it doesn't.<<<

no, i have given you evidence that it works in both bear markets and bull markets, you just refuse to look at the evidence.

now the turning points may only be on a daily or weekly chart, that doesn't diminish the indicator, it just tells you when the pubilic awareness of the trend is so publicized that it transcends other daily news, the trend is mature and near a turning point, however picking the pivot is not always that easy.

at the 98 low there were half a dozen bear market magazine covers - weeks of front page press, op-ed press, business news press in the dailies about the sad state of the world economy - ruble-scribble, baht-flapt, hang-over seng, that preceded the motha of all bull markets.

the problem with this bear market, is that there has been none of that yet - just a little here a little there, even though we have lost tons more off the top.

i guess that's what makes huge bear markets, when the masses capitulate their fear and believe buy the dip is it, and they can't give it up during the bear market, until the end.