Bottomfinders Are Sometimes Problematic
The previous section is a good segue to this one. In Figure 5.17 we saw that trying to fit a TB-F to that curve was fraught with problems, even though the downtrend was sufficiently accelerated. I've found that this happens much more often with bottomfinders than topfinders, and the many times that it does happen, you do not get a better result by shifting to a longer timeframe.
Let's go back to the example shown in Figure 5.14, and extend the chart into the future to see what happened. This is shown in Figure 5.19. After T3 ended, there commenced a big, sloppy downward sloping consolidation that finally broke into an accelerated downtrend starting in early March of 1999. Fitting a bottomfinder to this ...
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