The NBV Bottom Alert states: "When the total NBV exceeds 1MM shares within 3 days, a bottom is reached." The last time this alert was triggered was in July:
Date NBV pps Total NBV
7/30 700k 24.29 700k
7/31 360k 23.66 1,060k
From that bottom, the pps soared 54% to $37, underscoring NBV precedes pps.
Today, the NBV gave a similar alert:
Date NBV pps Total NBV Comments
12/4 411k 33.63 411k buyers/sellers = 3 to 1
12/5 -27k 33.90 384k
12/6 716k 33.41 1,100k buyers/sellers = 4 to 1
Please note the similarities of these two chart patterns:
Flat line pps
Buyers overwhelming sellers
Total NBV exceeds 1MM.
Hence the probability was extremely high for reaching a bottom today and I called this bottom accordingly. What to expect? A 50% rise from this bottom will take the pps to $51, again underscoring NBV precedes pps. What do ya thunk? Call your shot.