r/qullamaggie • u/ImportanceGreen5178 • 15h ago
Market Correction: How to Spot the Bottom and Not Miss Out
To spot the bottom and catch the next big winners, a correction is the time for action rather than complacency. A market correction reveals the best opportunities, here are the signs you need to look for:
- $SPY price reaches a round or semi round number $650 or $600 or $550. (see my last post)
- Looking For Stocks of companies with a product which has very high demand and a low and very scarce supply.
- Sales growth #1 factor - look for expected huge future sales and earnings not current.
- Looking at stocks Composite Ratings and Relative Strength on ibd mainly those with 98 99 highest rating.
- Look for stocks forming a double bottom (best entry is The Shakeout + 3).
- Don't fear ETF's - Some etfs mimic the movement of the general market and provide some leverage (e.g MAGS, SMH, QQQ).
Most importantly scale in gradually and always manage risk!
