There are many technical indicators to call for the top or bottom of the stock market. One indicator that may be much better and more accurate than most of the technical indicators is socalled Press Cover Call. This is usually a good contrarian indicator, suggesting either a top or a bottom is coming due to the extreme sentiment associated with the cover story. For example, on Jun 13, 2005, TIME had a cover story calling for easy and big money everywhere from house properties. This was exactly the top of the housing market and everyone knows what followed after that.
Now we have got a fresh cover call from Barron, a prestige investment magazine. Yesterday (Feb 4, 2013), Barron's posted a cover title acclaiming an upcoming record on the Dow. You know I have been talking about a coming market top for a few weeks. This to me is another strong indicator flashing for an extreme euphoria sentiment, which is usually occurring at the top of the market. Be extra cautious!
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