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Three bottom spotting techniques for traders
Wednesday, March 22, 2017 14:23
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Mid-week market update: Regular readers will know that I have been tactically cautious on the market for several weeks, but can the blogosphere please stop now with details of how many days it has been without a 1% decline?
The market fell -1.2% on Tuesday with no obvious catalyst. Despite today’s weak rally attempt, Urban Carmel pointed out that the market normally sees downside follow-through after 1% declines after calm periods.
Within that context, I offer the following three approaches to spotting a possible market bottom, with no preconceived notions about either the length or depth of the correction.
The full post can be found at our new site here.
Source: http://humblestudentofthemarkets.blogspot.com/2017/03/three-bottom-spotting-techniques-for.html
