We now have another Bollinger band crash trade signal. The Bollinger band crash trade is and has been one of the most successful mechanical trading strategies during this bear market. It was in the 2000-2002 bear market also.
I expect we will see a bounce off the Nov. lows which will have all the bulls crying double bottom. I seriously doubt the double bottom will hold but we should get a bounce at least back above the Wednesday open.
Don't forget there are gaps in both the SPYDER's and Cube's from Tuesday's gap down open that are still begging to be filled also.
4 weeks ago