Is This Bottom???

Back to the past.

Would one say a bottom has been made around 490+?

The stock went from 490+ to 727+ woh.

How many percent gain?

And now.....

if we expand the chart... we get this.




So if you ask me, in my flawed eyes, I see that using % gain from a low is not a safe indicator.

Bear market rallies are usually very strong. That's what I know.

Is the start of a bull?

LOL!

Me? I dare not make such a bold assumption la. What say you?

:D

*** in reference to: http://turtleinvestor888.blogspot.com/2008/12/bull-run-technically.html ***

ps: more technicals consideration. LOL!

Dates. Yeah, some folks can get really technical with the time of the year. 490+ was hit on the first few days of the new year in 1998. New Year rally?

ps/ps: Interpretations. There will be many. Many of can be made if one bought at 490+. Question is 'Did one switch off the lights when they are done on their way out?'

ps/ps/ps: Long term buying at that stage? Buy at 490+ to see the index go up.. and then drop way back down to 280 or 270+??? How? Could one have the conviction to hold all the way? And even so if one had bought the wrong stock, would buy and hold work?