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Strategies & Market Trends : Underexposed Technical Analysis

AQN 6.020

-0.8%

11:07 AM EST

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To: Underexposed who wrote (803)	3/18/2020 4:36:12 PM
From: kimberley	Read Replies (1) of 914

Hi UE, Hope you are doing well. Lots of respect for you not trying to catch falling knives during all of this! When I stop hearing everyone call a bottom every day, then we may actually be closer to finding the bottom. Wanted to revisit this little indicator. As we talked about earlier, it's usually reserved for day trading, but it has been eerily accurate forecasting this drop. It's not a primary indicator, but I'm referencing it more and more as we get into uncharted territory. It got me long today as soon as we tagged it....for a daytrade, lol. I need a lot more confirmation to even think we have hit THE bottom. There isn't any way to calculate what PE's are going to be going forward, as we don't know the extent businesses will be hit. TA isn't working, because we are dealing with an exogenous event that hasn't resolved yet. There are many lessons for all of us during this. We will have plenty of time later to reflect on those. Best, Kim

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