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If you have questions about the technicals of any stock or ETF
simply leave a comment with your question on one of my daily posts or tweet me your question @DeadAgain803 and I will
analyze it for you.

Showing posts with label distribution. Show all posts
Showing posts with label distribution. Show all posts

Tuesday, August 9, 2011

The Fool, or the Fool Who Follows Him

Everywhere you turn you will hear "this is a great buying opportunity".  DON'T BE FOOLED!  The best buying opportunities occur at market bottoms and we are no where near a bottom.  How do you find a bottom you ask?  When a chart carves out a bottom, you will usually see a period of what is called accumulation.  Accumulation is a period of time where you see a period of time that price moves horizontally before a breakout and run up.
In case you were wondering, the following is a real chart example of accumulation and distribution.