I have read that a good general reversal pattern/indicator would be a 'panic washout in which we see the VIX spike up 10% in a day, the put/call ratio close above one, and the ratio of sell orders to buy orders on the NYSE and Nasdaq reach the 9:1 level'.
This is what has just happened and the now the Dow is 1% green as I type.
Do you agree with the above Redbacka?
Are you able to add a mid-week or Friday update to your snippets for this week?
