From another board, we hit a short term bottom yesterday.
https://discussion.fool.com/simple-39minor-bottom39-again-351661…
Last time this triggered was June 16th.
Basically if 1/6 or more of stocks hit 52 week lows (we’re at 21%)
If it goes to 33%+ we’re at a major bottom
Coopershawk
Fingers crossed for major bottom, then!
Unlike mid-June, several stocks well well above those lows (TTD, GLBE, PTLO, NET, etc etc) so it feels hard for me to call this a bottom.
So while I am buying some that are revisiting those June lows now, I am hesitant to go after others that have remained elevated.
Nothing will surprise me, and I rolled my crystal ball down a hill and it fell into a swamp, so maybe we get a big BMR starting today, or maybe we go 4% down into close.
And…I have really been waiting to use this one…maybe we haven’t seen anything yet.
Maybe next month will be.
THE HUNT FOR RED OCTOBER
(sighs contentedly)
Yes, I am a dork. Dorks rule the world. Deal with it.
Dreamer