5 Slam downs by the market - Selling climax and reverse blow out
Whatever u want to call it, the selling climax of MDR and FWLT has finally arrived. Whilst companies like NFLX and LNKD surge forward with a 2 million $ earnings and 10 / 20B market caps, MDR earned 40M big ones and we get absolutely hammered. Well this has happened 5 times now over the last 18 months with the 5th slam down on huge volume indicating a bottom - refer to Elliot wave principle in reverse.
I am know market technician but I know how fear and greed work and i know when washed out stocks bottom, i know that my holdings in MDR is strong from here. Watch MDR and FWLT stock price drift higher from here on.