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:

• Sept. 29: Buying Opportunity: Market Testing August Lows
• Sept 9: Bob Brinker Market Projection & Outlook
• Brinker Moneytalk Radio Show Podcasts and Articles
  

Kirk Lindstrom's Investment Letter 
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