I am not going to doubt the effect observed at the points on your chart but I have 3 questions.
1) How much can you trust your chart if earnings are not improving except for cost cutting measures that to better year to year comparisons but can not prop up high valuations.
2) in a inverse bubble period which is primarily marked by asset destruction how much does your chart mean except for indicating marginal reduced selling pressure because chartists are going long while remainder of participants still sucking or withdrawing it's life blood -- assets.
3). Pray tell would you be playing the 5 or 6 high Beta Q or do you have any additional wonder momo stocks to swing trade.
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