Maybe we can hold here.
Enjoy this post? Subscribe to the blog and never miss another one:
Subscribe in a reader | Subscribe by email | Subscribe with Kindle
Peridot Capitalist
Stock market and investing blog published by Chad Brand, Founder/President of Peridot Capital
| 
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?
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.