Did Barry Call The Bottom?

10 Bullish Charts, Signals, Indicators
Friday, October 10, 2008 | 12:30 PM
By Barry Ritholtz

Earlier this week, we discussed several anecdotal pieces of evidence that suggested we were closer to the bottom then the top.

Today, we look at specific data and charts that can provide some insight as to how extreme these present levels are.

These suggest to us that we are increasingly close to a bottom that can be purchased for an upside trade of 20-30% from these levels.

NOTE:  We scale in over time, in 10% increments, and recognize that the bottoming process can take several months to several quarters to complete. Hence, slowly buying in is the key.

At this moment in my office I can hear someone streaming the theme song from Rocky through their computer.

Source:
10 Bullish Charts, Signals, Indicators
Barry Ritholtz, The Big Picture, October 10, 2008
http://bigpicture.typepad.com/comments/2008/10/10-bullish-sign.html#more

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