This is what a market bottom looks like

[trdes]

The first big leg down in a bear market gives way to a multi day rally which lures in the FOMO/bottom pickers while the large players are selling into the rally.

This is what a text book bear flag looks like which is typical after big sell offs.
Purple line is 100 day VWAP - this is a magnet for program selling. View attachment 222639

Yes, even the most simple indicator like two EMA's together can show that up moves are going to have a really hard time holding and if/when we get one that last longer than a day, it still has a high probability that a large part of that move will be retraced fairly quickly.

I am genuinely surprised at how people are reading this and also at how they are trying to catch the bottom(I can more understand long term investing if you have the cash and truly don't mind it going lower) otherwise doesn't make a lot of sense to me, but to each his own.

 

[SunTrader]

Looks like on certain days the magnet is not on.

 

[SunTrader]

AAPL didn't look so good in yesterday's up move. Although one day doesn't make a trend.

Even worse today. Woooh -6.35%

 

[murray t turtle]

We really need to get more serious about finding the exact tops and exact bottoms. Maybe even an entire sub section dedicated to that. I was thinking about focusing more on what it takes to be profitable and consistent every day in and out, but honestly that seems boring.

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Bottoms?? Bear markets make bottoms every every day/ every month/every week. And SDOW/inverse ETFs, are still nicely uptrending……………………………………………………...

 

[trdes]

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Bottoms?? Bear markets make bottoms every every day/ every month/every week. And SDOW/inverse ETFs, are still nicely uptrending……………………………………………………...

Yes, I want to know the exact bottom(I will allow the call to be off by 5 S&P points or 20 NQ points).

 

[murray t turtle]

Yes, I want to know the exact bottom(I will allow the call to be off by 5 S&P points or 20 NQ points).

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HERE IS how we will know, 100% for sure;
2020/hindsight LOL

 

[Cuddles]

well, this thread didn't age well

 

[murray t turtle]

well, this thread didn't age well

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Almost like trying to call tops in a bull market , eh?? Easy to find bottoms in a bear, bottoms every day/ every week...………………………………………………………………………………. The bottom only happens once.

 

[orbit23]

well, this thread didn't age well

Yeah, didn't age well and my reputation on a forum went down, too bad.

Luckily i got out at the right time. I regret having not shorted though because i kinda knew i should've but didn't know how to place a setup(where stop loss).

 

[orbit23]

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Almost like trying to call tops in a bull market , eh?? Easy to find bottoms in a bear, bottoms every day/ every week...………………………………………………………………………………. The bottom only happens once.

LOL, YEP. I figured that about the tops too.

Thanks to my skill though i can fail at catching the bottom and still make money or atleast not lose.

Anyways i regret not being properly prepared for the other scenario. I figured that things were not looking as they should, i closed longs, but i did not open shorts and this happens way too many times.