2 days ago

2 days ago we talked about when the market made large percentage moves...where was the market at the time? High or low or midrange on a technical basis? It turns out that 23/30 times, when the S&P made its largest percentage move, the market on a technical basis was at a very low risk level but on a sell signal. So 75% of the time what has occurred in history, has occurred now.

In my opinion, this could be the start of a major bottoming process for the market. Remember, bottoms aren't made in a day or a week, but is a process that occurs over time and needs to be retested. That also may have just occurred.

We will talk about that next...and also the bullish percent