Saturday, October 25, 2008

Some Positives Developing That May Signal A Market Bottom Is Near

A couple of recent posts highlighted below, indicate a market bottom could be forming.

  • The Big Picture website contains a post, S & P 500 forming "W" Bottom?, using technical analysis that suggests the S&P 500 Index may be forming a bottom. Additionally, Barry Ritholtz notes:
  • This suggests accumulation and could suggest a complex bottoming formation is occurring, particularly when one looks at the recent extremes in sentiment data.

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