So while I would love to believe the chart, and it seems like there is a nice little ascending triangle starting to form, maybe trying to form some kind of a bottom to bounce out of, the bottom line is: Money, as far as sectors go, is still going into the defensive sectors.
The Oil Service Sector (OIH) has been very weak and trying to bounce off bottom.
If you took that to be predictive, you missed a historically massive bounce off a bear market bottom and full-year returns of 26.5%.
In general, the lower the bottom, the greater the strength of the bounce back: Inventories get depleted.
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The Munich I Regional Court awarded Cupertino an injunction against Moto devices over the so-called "rubber-banding" patent, which relates to the bounce back animation when scrolling to the bottom or top of a list.
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Having lost their last three games, it looked like Crusaders fans were in for another rough night, but, despite going behind early on, the home side found the strength to bounce back against the side second-bottom of the Super League.
New home sales for August will be reported tomorrow morning, and given the way the bottom also dropped out for them in July, a similar bounce back is expected.
At that point, however, the greater likelihood would be a massive bounce instead of further cratering and you would hate to sell at the bottom.
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Yesterday there was no momentum in the bounce despite the market recovering for small gains, giving us an indication that the bottom was not in.
With passenger revenues stagnant, MTRC's bottom line depends a lot on proceeds from the sale of property atop its stations, which tend to bounce up and down.
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