(UPDATE: I wrote this post during Labor Day, the holiday; more proof of Gartman’s power can be seen here, which happened after I wrote the post, when Gartman went strongly bearish; all the markets, of course, exploded higher immediately thereafter. It was a heartbreaker to see his bearishness in the wee hours this morning; I knew what would happen next.)
Many have made much chatter (and a fair bit of profit) about the powerful contra-indicative force Gartman’s words have vis a vis whatever market he happens to be examining. I’ve written about it myself in places like here and here, and of course ZH has had an abundance of articles and tweets that effectively provide, free of charge, one of the most powerful trading indicators man has yet devised.
