See: Chartist. See: Technical Trading. See: Breakaway Gap. See: Technical Indicator.
As Olivia Newton John sang, "Let's get technical...technical...I wanna get technical...lemme hear your charts talk..."
Imagine the nerd-help of a mad scientist saying, “Well, technically sir...” and you’ll understand the “technical” in “technically strong markets.”
A technically strong market means technical data analysis was used to parse out the “health” of a market, which has shown itself to follow chartist patterns with pretty high recent correlation. When the market has hit the high end of the U shape, it has declined each time the last 16 months...and when the market has hit the low end, the buck-toothed center of the bottom of the U pattern, it has ascended.
If you then add to that other elements like increased volume, decreased yields, more foreign money coming from cash into equities, and like 7,000 other things, then a technical analyst would claim that the market overall here is a Strong Buy, and that investors should get long the market here.
That's a technically strong market, but nowhere as strong as Olivia's abs.
Related or Semi-related Video
Finance: What are Triple Bottom and Trip...2 Views
Finance allah shmoop what are triple bottom and triple tops
All right well this is a triple top It wants
to break out The stock was trading down here around
five bucks a share in and glam o it went
up And yes blam o is the name of the
company's new anti constipation drug a huge hit So it
went up up up to hear it Fifteen bucks tripled
in value in just a few months but then sober
reality began to hit the investing community There simply wasn't
enough constipation to go around So the stock began to
flag and traded down teo here this level at twelve
bucks But then glam o again released big news a
partnership with manish of its grandma tsa and the american
cheese manufacturing association So the stock raced again to fifteen
But no there just wasn't enough enthusiasm from buyers pay
more than fifteen bucks a share for it So you
know that's all despite this newly created a kind of
market So the stock sank back to twelve only to
then have investment interest from procter and gamble owners of
sharman who bought five percent of the company at thirteen
fifty ish year and left a lot of investors thinking
surveyed by the whole company complete with its product line
of anti constipation drinks Waymo glam Oh thankyou memo But
alas the investment community would not pay up past fifteen
to share and the stock flagged again sinking back to
twelve having created a triple top and needing something to
make things really start you know going So yeah that's
a triple top What about a triple bottom Well a
triple bottom and basically just the same thing in reverse
like this keeps hitting a low point looking like it's
going tio bottom out further But then it recovers on
the subject of bottoming out well glam o is now
available in new chewable gummy form Yeah glam o so
you never have to worry when your bottoms out
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