Stock market’s historic bounce may signal ‘near-term bottom,’ but a retest of the low like 1987 and 2008 is still a possibility

Stock market’s historic bounce may signal ‘near-term bottom,’ but a retest of the low like 1987 and 2008 is still a possibility

There is a case for ‘near-term optimism,’ but avoid ‘revenge trading’ in volatile environment, says technician

The stock markets historic bounce off a more-than-three-year low on Tuesday left one well-known chart watcher feeling more upbeat about near-term prospects, albeit with the caveat that big rebounds havent necessarily marked the bottom in past selloffs.Overall… [+3946 chars]

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