Jason sends us a great article from Paul Desmond of Lowry’s who tells us what to look for at bottoms. As an aside I will be doing a book review soon of a publication I read last year which tells us similar clues following four different bear markets in the 20th century.
Enjoy the article.
Here’s a link to a report written by Paul Desmond of Lowry’s about using 90% up/down days to help identify bear market bottoms. The report is posted for free at Lowry’s, so I don’t think I’m violating any copywrite laws by posting it here. It was written in 2002, and other than my desire to get the author’s opinion as to the effect of high frequency trading, I believe the info is still relevant.