Best indicator for a bounce?

Quote from NoDoji:

EE is giving you the best indicator ever here. When you're thinking of buying a falling knife for a bounce, first decide where you'd place your absolute disaster stop. That is where price will pivot and stage a kickass bounce.

The same strategy works for shorting a high flyer.
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Excellent advice. Used in conjunction with S/R this is great.
 
Quote from gulf4:

I am not necessarily looking for trend reversal or big price swings just when one might expect a bounce of a few days after a period of weakness.
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Very simple.

Pretend you own the stock. A lot of it.

Watch the chart. Is the downturn sharp with a lot of volume?

Its called capitulation.

Are you feeling serious pain? Are your hands getting clammy? Is your heart racing? Do you feel like throwing up? Need a drink?

Well, might be a good time to think about buying.
 
Quote from lindq:

Very simple.

Pretend you own the stock. A lot of it.

Watch the chart. Is the downturn sharp with a lot of volume?

Its called capitulation.

Are you feeling serious pain? Are your hands getting clammy? Is your heart racing? Do you feel like throwing up? Need a drink?

Well, might be a good time to think about buying.
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More sound wisdom. :)
 
NYSE TICK gets to -1000, your most likely gonna get a bounce. It's the only known leading indicator I'm aware of. I use it religiously for ES trading and it's consistently helped me make good money. Like anything, it's not 100%, but it's damn close.
 
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