Since the famous Gisèle Bündchen statement regarding the Euro, we've seen about 300 pips of Euro depreciation. Gisele's occupation is listed as "supermodel", hence the nifty indicator name. It's another in a long line of excellent contrarian indicators to use when trading in all types of markets.
There are other good indicators I use to trade contrariwise also, like the "cabbie" and "grandma" indicators. My grandma recently asked me if she should make an investment in China so what I did was immediately close out my long China ETF.
Not that I disagree with my pal Jim Rogers, but even he admits to being a bad short term trader. So I'll wait for the next mini crash in China to get long again because the longer term Chinese prospects are excellent, as he has recently pointed out in his new book.
There are other good indicators I use to trade contrariwise also, like the "cabbie" and "grandma" indicators. My grandma recently asked me if she should make an investment in China so what I did was immediately close out my long China ETF.
Not that I disagree with my pal Jim Rogers, but even he admits to being a bad short term trader. So I'll wait for the next mini crash in China to get long again because the longer term Chinese prospects are excellent, as he has recently pointed out in his new book.