My friend Brian Day at Bright Day Financial came up with this:
the past 4 bear rallies since the july/august tumble:
1. reached 32%, then made double bottom
2. reached 50%, then declined to 32%
3. reached 68%, then made a triple bottom
4. reached 68%, then made a lower low
now it appears heading to 1210.
the past 4 bear rallies since the july/august tumble:
1. reached 32%, then made double bottom
2. reached 50%, then declined to 32%
3. reached 68%, then made a triple bottom
4. reached 68%, then made a lower low
now it appears heading to 1210.
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