open <= 0.002% above 20ma;
close <= 0.002% above bottom Bollinger band;
20ma slope turned negative (price closed below the close of 20 sessions ago).
I found no real consistency or common occurances of this condition. But I did a little double-take when I spotted its appearance at similar places in both of these crash-to-new-recovery-high formations:
Of course, the time scale is being compressed something like 1:6 there (price is compressed too). Here's what price did after that point in '89:
"If" we followed this course and "if" the time compression is 1:6, the "final" bottom would be found sometime in mid-August perhaps (just a rough mental-math guess).
Edited by spielchekr, 07 June 2007 - 10:51 PM.
