The first Bullish Reversal of them All

Following the Signals

S&P 500 , January through April of 2003

The Time Bound System - declaring corrections and declaring rallies

States of Market Direction

• It is very clear that the correction in 2003 began to climax in March of 2003
• The most powerful drops in our generation coming to its end
• Correction from peak to trough and the begging of a series of bases and upside breakouts

In this case, it took 56 trading days for the bottom to completely set in.  What signaled the reversal was the most obvious hammer shaped candlestick formation after 3/10. The follow-through that happened is what institutions would need to know in order for the collective to start buying again.