Strong Intermediate Term Bottom Confirmation

The turning up of the Point and Figure Sentiment chart is great news for long term investors.

This helps to confirm that the most recent lows made are in place and a re-test should not break below these established lows.

This is very reliable.


Even more reliable for a confirmation of an intermediate term trend shift from down to up is the move higher in the Three Line Break chart of sentiment. The key here is the turning up after a new low was put in place on the sentiment chart.

All in all, these signals tell us that once the re-test of the lows begins, then it will be time to cover the rest of our hedged positions and look to add to the long side of our portfolios.