Turn but not a big buy from 1/22

Detailed analysis of why I thought the markets had probably put in a low on 1/20, but at the same time, why that wasn't a big buy, written on the blog on 1/22. 

"I'm writing this post to clear up any confusion from the last two posts. Here, I said best to not be thinking buy, because everything is still below all pivots; and then more recently, pointed to all the YS levels on the turn. I'll admit this sounds contradictory. 

First point: if you are going to try to catch a turn, a day where you see multiple main indexes testing and holding, or breaking and recovering, yearly levels is one of the best ways to try. That said, although quite tempting to catch the bounce if you have money on the sidelines (hence the term, speculative buy), I think there is a better way of using pivots and that is to stay with the larger trend. Here are a few nifty chart examples to drive home this point."

If you like the 1/22 post you might also like the short note on 1/21 Thoughts on when to buy.

Point: Looking like the correct assessment so far! 1/20 was a decent low but... not looking like a buy right now.