Bottom Fishing
Some rules.
Use stops - bail on a new 52-week low.
Make sure the sector (technology) is also recovering.
Ignore the bad news - In fact embrace it!
Watch the VOLUME - see if there is a notable increase along with a RISING price
See if the price can push above a prior trading high
See chart below
Note the important $7.15 level - note the increased volume - note the tech recovery in the US
Bill Carrigan
Some rules.
Use stops - bail on a new 52-week low.
Make sure the sector (technology) is also recovering.
Ignore the bad news - In fact embrace it!
Watch the VOLUME - see if there is a notable increase along with a RISING price
See if the price can push above a prior trading high
See chart below
Note the important $7.15 level - note the increased volume - note the tech recovery in the US
Bill Carrigan
Below - Nortel - w/Cycle Study, Money Flow and Volume
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