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Recession charts + bottom buying Options
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Qtrade
Posted: Friday, November 21, 2008 1:08:10 PM
Rank: Advanced Member

Joined: 6/12/2008
Posts: 52
Great charts analyzing past recessions.
http://dshort.com


(You can see each recession's chart by clicking the top menu)


What I have noticed none of the past recession bottoms were simple "V".
Each time there were at least two SIGNIFICANT lows forming the bottom.

I'll be waiting for the next significant higher lows (L2,L3) to occur followed by a break of the neckline resistance. Buying the bottom now, even without seing the first Low (L1) is just too risky for me.




Qtrade attached the following image(s):
bottoms.png
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stockman
Posted: Friday, November 21, 2008 1:16:22 PM

Rank: Advanced Member

Joined: 6/15/2008
Posts: 240
What a great chart and plan. Thanks.

Notice how we followed other recessions at first and now are so close to the depression graph recently on timing and percentage loss. We were recently moving right with it until this weeks decline is a little earlier than the gray. And that might be the news this week being so negative compared to the depression which makes us about 12% lower in price now than the depression compared to time. Looking to the future, if this comparable move were to continue, we will go lower before the next rally.

Please bring back this chart in the future with updated info. I studied it for a long time and kept seeing more and more info. Felt like I was back in school doing a report.
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wilfee@yahoo.com
Posted: Friday, November 21, 2008 6:27:16 PM

Rank: Advanced Member

Joined: 7/14/2008
Posts: 34
Location: California
Qtrade...truly a very well done chart and anlaysis..thanks.
Simple Living High Thinking
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netbacker
Posted: Friday, November 21, 2008 8:07:32 PM
Rank: Advanced Member

Joined: 6/22/2008
Posts: 51
Location: Santa Clara
For those of you who are still bullish, here's another analysis that seems to suggest we have hit bottom or we are almost there.
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zigzagman
Posted: Saturday, November 22, 2008 9:18:16 PM

Rank: Advanced Member

Joined: 8/14/2008
Posts: 314
Location: Memphis
Qtrade,

Here is how I enter on a Double Bottom chart pattern when Swing Trading:

Happy Trading,
zz




www.stock-market-lessons.com
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j0sh1ngU
Posted: Sunday, November 23, 2008 2:37:31 AM
Rank: Advanced Member

Joined: 10/29/2008
Posts: 60
netbacker nice post but i for one think there is more to come after this two week rally were about to experience
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