Subject: Re: Jim's bottom detector
I'm not Jim and the below doesn't replicate his signals. That said: my hack "extreme short term bottom" has thrown a 2 out of 3 signal the last 3 days in a row - on percent above moving averages.
PAMAS ->
80iss Advs Unch Decl 5D 20D 50D 100D 150D 200D BotTrade Bot2 A/D 10DMA ADV% Watch
4/8/2025 80DN 943 154 4,260 4 4 6 9 11 15 BUY XX 0.22 0.68 0.18 0.33
4/7/2025 1,621 125 3,574 5 5 7 10 14 17 BUY XX 0.45 0.71 0.30 0.34
4/4/2025 80DN 593 151 4,638 4 7 9 13 16 19 BUY XX 0.13 0.93 0.11 0.39
When these extreme levels happen it's *usually* before a short term bounce - as Jim's mentioned. We have no way of predicting whether it's the final bottom (the first is unlikely to be the last) or the last.
FWIW I have put a mere 6% back in hoping for that bounce this week.
FC