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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: StockOperator who wrote (2414)3/9/2001 12:45:59 PM
From: Michael Watkins  Read Replies (1) of 52237
 
There's a 2B bottom on the 5 min chart which also coincides with the low on the NDC a few days ago.

Not saying its "the" bottom, but one day, it will be one of these formations - a marginal new low and a move up from there, that is it.

Just like I was fond of saying at the top, a bottom has to start somewhere.

Having said that, its not my plan to buy "bottoms" in a long term downtrend. I sell retracements and leave the bottom picking for other folks.
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