10-12-11 Comments

[mnoel]

Thanks Mike! Very interesting!

[asomani]

Yes, Mike, your thoughts are always appreciated. That is an excellent observation you made about the first major rally in a bear tending to go to the 200-day moving average, and the supporting charts were helpful.

[Adriano]

I also join the group to say thank you Mike, very interesting.

I've found this list of bottoms:
http://fivetrades.blogspot.com/2011/...ly-charts.html

[Riskslayer]

Hi Mike,

I guess it could all be just an orderly pull-back after a big powerful leap yesterday, but ...

$COMPQ got up to 200 dma yesterday (10/24), and now ... I have been meaning to print this post off and study it in more detail.. Looks like today is the today for that.

Thanks for all your good work here,

Shawn

PS: Paul Duncan and I ran into Townsend Baldwin at Minervini's event a couple of weekends ago. Townsend spoke highly of you, as we all do!