Detailed Index Charts: Why We Are Close To Putting In A Short Term Bottom

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Today is an excellent example of that in real time and why it pays to do that. Have we not said time and time again to Let your stocks tell you what to do by the action they exhibit? When we look at them for the most part overall considering what the indexes are doing they seem to be weathering the storm like a willow tree in the wind quite well. We get it though it's sooooo much easier to hit the sell button and stop the emotional feeling you are feeling at the moment.  That's also how you know you are close to some sort of turn here.  Did we not say over the weekend "It's always darkest just before the dawn"? For us this reminds us of August 2011.  There was a few day period in time where we were getting sloshed around quite hard BUT we opted to be a willow tree and bend with the wind and low and behold within a weeks worth of time we were smelling like a rose. Ask anyone who was with us through that time and they'll tell you this time is no different.    10-23 So is it really as bad as it looks out there?  We mean sure the indexes look ugly when you look at the headline, but we all know better than to form an opinion based upon the headline numbers scrolling across the screen right?  Again, it's all about what exactly are our stocks doing here today.  When you look at it from that perspective and most importantly NON EMOTIONALLY what do you see?  A lot of nice reversals with a few even up on a wicked down index day.  So what's the problem?  Nothing really, unless you are emotionally attached that is.  It's not easy we know but PRACTICE MAKES PERFECT. Ask any football quarterback or Formula One driver. Much like we've said in the past where we do not like to buy gaps up, we don't like to short gaps down, and in most cases get scared out during Halloween. If you like what you see just try it for ten bucks a month for the first two months sign up here. or Use the form below to sign up for All About Trends free newsletter with charts like these. If you would like to learn more about their premium service click here.