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Major Market Shift Ahead |
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A very popular leading indicator of market movement occurred today. Maria Bartiromo's hair was the WORST that anybody could remember every seeing it!
CNBC's Bartiromo has become a cult figure over the last decade. During that period, many market gurus have abandoned the more traditional market indicators such as: darts thrown at a dartboard, chicken dropping on the New York Stock Exchange Composite Transactions pages of the "Wall Street Journal", and drug-induced dreams. They now simply follow Maria Bartiromo's hair.
It looked BAD, REAL BAD. Her eyes were pretty blurry, too.
The only problem is that not enough charting has been done to determine whether Bartiromo's hair condition is a plus or contrary indicator. My personal pick is that it's a contrary indicator, i.e.: Bad Hair = Up Market, Good Hair = Down Market. That would indicate that the next few days should be GREAT for the bulls ('cause her hair looked BAD). But, there's just not enough data to say for sure, one way or the other, at this point.
At any rate, the next few days in the market should be VERY active.
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