There is a guy on youtube that does technical analysis and says he is right 90% of the time. He is claiming the bottom in the stock market is in.
Thursdays and Fridays buying was short covering Algo's by funds. The money mangers have not started buying yet and are saying the bottom is not reached yet.
So would you agree what we have been seeing these last 2 days in a bear market bounce or rally ? meaning come next week would could hit a new 52 week low?
Whats do you think? here is the guys video claim the bottom is in.