When is the bottom of this correction?

xiaofengfeng

I don't know when will be the bottom of this correction, not sure anybody really know . But I guess we could find a few characteristics of the bottoms in the past and use those as reference to confirm the bottom.
1) The bottom should be somewhere in the middle of the option cycle. The clear bottoms since last March all happened in between the option expiration date, and it also tend to be at the center of the two date. This is especially clear in Sep Oct and Nov, when we reach Dec and Jan I guess everybody is betting on the Santa Claus rally, the pattern become less clear. This month we may be just go back to the same pattern, and it imply that we will reach bottom next week or the beginning of next next week.

There are a few cases that the bottoms happened around expiration date, in each of the case the correction is much more shallow not like what we are getting now. It's also worth noting that before last March, the tops actually tend to sit in the middle between option expiration dates.  

This is an indication that option trades are really controlling the waves.

2) The bottom likely happen on a bad news day, this is just a hunch. Since we keep going down on good news, bad news maybe trigger a bottom

3) If 1 is not correct and we did not get a bottom in next two weeks, the bottom may be at the first two week of March, one year from 666.

Please add your observations and guesses.

kyshuishou

thx

oldfox

sooners

1# xiaofengfeng


xiexie

intral

我是谁

thx

joep

顶

mengtt

quickcow

very good!  keep an eye on it

greenback

thanks!

xz214