Jaolsa,
The second graph (wednsday) from stock timing may not be the right tool in picking a turnaround of a bottom. By its nature, stocks need to turn around first after a few weeks of falls, before new highs are created.
I suggest a sharp turnaround in this index may be more the signal one looks for at the botoom of market. This we got. If one can use such an index at all.
I would use this index in a sideways market or an uptrending market or a sligtly downtrending market.
wacky wednesday, page-66
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