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Wednesday, October 28, 2015

Double Bottom Recovery - Market Update

Today the S&P500 recovered all the losses made since it crashed below its 200 day moving average in August. 

 Note the next graphic shows a test of the low to make a "W bottom" followed by a near perfect test from above of the tip "^" of the "W" between the two lows.  



The final image shows how far below the peaks the markets were during at the closing low just over two months ago.

Hopefully you all joined me in:

  1. Significant Profit taking before the August crash
  2. Significant buying while making and testing the lows
  3. Taking some very nice profits NOW that we've recovered.


The final image shows how far below the peaks the markets were during at the closing low just over two months ago.


See:
Kirk Lindstrom's Investment Letter 
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