Four Commonsense Clues to a Genuine Market Bottom [View article]
Gennady, thanks for a thoughtful article on this tricky subject. The vast majority of the bottom calls we have been plagued with over the last few months offer no real method behind the call, other than the old saw that the market is oversold, and therefore can go no lower. This rubbish has resulted in much loss of coin.
At least, you have put some effort and discipline into your approach!
That said, it is my opinion that we make a mistake when we attempt to view a true bear market bottom as a singular event rather than a PROCESS of price/time.
The so-called bottom of 2002-2003 spanned the better part of 5 months as I recollect!
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Gennady, thanks for a thoughtful article on this tricky subject. The vast majority of the bottom calls we have been plagued with over the last few months offer no real method behind the call, other than the old saw that the market is oversold, and therefore can go no lower. This rubbish has resulted in much loss of coin.
Nov 18 17:47 pm
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All Comments by Jim Hawthorne »Four Commonsense Clues to a Genuine Market Bottom [View article]
At least, you have put some effort and discipline into your approach!
That said, it is my opinion that we make a mistake when we attempt to view a true bear market bottom as a singular event rather than a PROCESS of price/time.
The so-called bottom of 2002-2003 spanned the better part of 5 months as I recollect!