Bottom

It’s almost impossible to hit a bottom without a massive price/volume spike down on a 5-min chart. Some call this a “flush” but I like to call it a “puke” because people are literally “puking” out their positions, causing this market action. Watch for it. But the real nail in coffin for me is price action that makes all my charts “jump.” Meaning that long red bar in the hard right hand bottom that moves so fast it re-scales all your charts simultaneously. They literally seem to be “jumping” towards the bottom of your monitors. It’s hard to articulate, but it’s kinda in the vein of what Supreme Court Justice Potter Stewart said to describe his threshold test for pornography, “you’ll know it when you see it.

source: bclund.com

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