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Strategies & Market Trends : Humble1 and Swing Trading Friends
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To: Z-M-L who wrote (6252)8/20/2011 7:30:08 PM
From: llap  Read Replies (2) of 41117
 
It all comes down to if we have a V-bottom or a retest bottom. V bottoms are rae, but they do happen as in March 2009. Most likely we will see a slightly lower low this week combined with bullish oscillator divergences. And then again, this may just be the A of a larger ABC zigzag into the fall with another token new low in October. If H1 and da_chief are right about the V bottom from August 9 they are true market geniuses. So let's see how it plays out. Regardless of the extent of this correction, at the end of it is time to buy and forget for a long period of time IMO. That should be a bottom like 1942 or 1982 then.
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