Saturday, January 19, 2008

Cross Your Fingers














Maybe we can hold here.

Posted by Chad Brand at 10:31 AM

2 comments:

bobby said...

Why should we be looking at that particular peak and not the bottom before it and how is that all related to contrarian investing because of which I read this blog?

1/19/2008 11:14 AM
Chad Brand said...

Well, when the market looks the ugliest, it often is actually nearing a bottom, as sentiment is generally a contrarian indicator. I showed a chart earlier this month, and those support levels were taken out. The next support level is 1325 and Friday we closed exactly at 1325, so I thought I would point it out. It might be meaningful, it might not be at all. Only time will tell.

Also, keep in mind that this is an "investing" blog, not merely a "contrarian" blog. I write about a wide variety of investing topics and not all of them are about contrarian thinking.

1/19/2008 12:30 PM

Post a Comment

Subscribe to: Post Comments (Atom)
Disclaimer: The content contained in this blog represents the opinions of Mr. Brand. Mr. Brand may hold long or short positions in the securities discussed in this blog, but such positions will be disclosed. All of the information contained on this site is believed to be accurate when published, but mistakes could inadvertently be made. This commentary in no way constitutes investment advice because a reader's individual investment goals and risk tolerances will dictate which investments are appropriate for them. This blog is meant to be one of multiple sources of information for readers to conduct their own research in order to make personal investment decisions. Be sure to consult an investment professional before acting on any information that is contained in this blog. If you do not have an investment professional to work with, feel free to contact Peridot Capital, which is a registered investment advisory firm and works with clients individually.

Copyright © 2004-2008 Peridot Capital Management LLC