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Strategies & Market Trends : Effective Collaboration - Team Research for Better Returns:

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Sun Tzu

To: The Ox who wrote (5642)	3/23/2020 3:17:15 PM
From: Return to Sender	1 Recommendation Read Replies (2) of 8251

Believe it or not the Investors Intelligence Poll has yet to show more bears than bulls. One would think that with the economy headed into a certain recession that we would see more bears than bulls in that poll soon. But as with many other indicators the price of copper included no one can be certain of when a long term bottom has formed. To me the best indicator that we are at the bottom will be when we get a 90% upside day in the market. Maybe two 80% upside days in close succession. By this I mean I want to see a day on higher volume than the preceding day that has 9 out of 10 stocks trade higher on 90% upside volume. This should lead to a week of upside volume that was higher than the preceding week's downside volume. Then finally a month of volume that also is higher upside volume than the preceding month. This happened in the bottom in 2002 and also after the financial crisis. It has happened at other shorter bottoms as well. Unfortunately I think we are a long way from a good bottom. RtS

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