An excellent recent example from the charts was 12/13 March when FTSE fell 5% in a day - closing at the bottom of the day's range - and then rebounded the following day, rising almost 5% closing at the top of the range. The close on the second day at 3466 was a strong two-day reversal, a good short to medium-term indicator, says Newgrosh.

Shares Magazine
10 April 2003

It's conceivable that Mr Newgrosh may have successfully identified the low of the bear market, as well as a good short-term trade.

Investors Chronicle
18 April 2003

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