Where the herd is


Magazine Covers.

As traders we know how often they mark the ends of trends. Growth companies that reach the front page of Forbes and Fortune usually hit a peak. Everyone that’s going to buy has bought. And the path of least resistance becomes down.

Of course these indicators aren’t as exact as mechanical watches, but they can tell a lot about where the herd is.

Big question is: When will all the selling be put in?

Advertisements

No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: