Before you can call a bottom you need a reversal pattern or a series of higher swing highs and higher swing lows right now we have a bounce off resistance and a fib retacement of 61,8% from the may highs. We will selloff this week some time, the market movers will allow the market to rise enough to tempt as many in as possible before they sell into the next leg down. What happens then will determine if we have a bottom i.e will we test the low or will there be so many buyers that the selloff doesn't get going and can't make a new low then we have a bottom, till then we haven't broken the down trend and this just a dead cat bounce,relief rally call it what you want.Lets put it this way I went long Agl at 190 and have taken all my profit.
... View more