maybe Robert has a big gun account? $118k is a tiny slice of his account? when I read Martin schwartz's book "PIT BULL", he said one day he lost almost $800k (he kept shorting big s&p 500 until limit up to the closing, what a dude he is ? ego strikes him?)
long-term bottom is hard to get and the odd to pick such kind of bottom is very low (years or months there is one, here suppose 3months, the odd is 1/3*22=1.5%). I used EMA to gauge intra-day trend, I just loaded some around 69.9