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Wednesday, January 21, 2009 11:10:59 AM
BPNDX fell to only 1 on 10/10/08. Remember it was only PETM that had a buy signal then:
http://siliconinvestor.advfn.com/readmsg.aspx?msgid=25055241
Even though StockCharts.com is showing the bottom number at 2 it was one. Regardless, the point that needs to be made is that the next low number will likely be higher than 1 or 2. We got a low of 1 in 2001. At the final bottom in October 2002 the reading was 8!
How long to the next true long term market bottom?
RtS
http://siliconinvestor.advfn.com/readmsg.aspx?msgid=25055241
Even though StockCharts.com is showing the bottom number at 2 it was one. Regardless, the point that needs to be made is that the next low number will likely be higher than 1 or 2. We got a low of 1 in 2001. At the final bottom in October 2002 the reading was 8!
How long to the next true long term market bottom?
RtS
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