Yes bottoming is a process. The signs are there, now need the follow thru. Why I called attention to the signs. A bottom may be coming next week. That's why I'm using Ford. My first post about Ford gave reasons I decided to use it as a bellwether coming out of the market pull back. Has to do with the dollar, multi-nationals, ETC. They noticed the quick change in growth trends. And actually, kind of, caused their own stock fall by reporting it. On the Sept 29th dive day. Leading the S&P fall by a week. http://stockcharts.com/h-sc/ui?s=F&p=D&yr=0&mn=3&dy=0&id=p91206478371
That's the next real concern. Unlike this pull back, based on technical timing and HFT. A global slow down, should take some shine off the US good earnings expected. But I'm hoping for some US Market comeback time, before any need to worry about that.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.