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RE: This looks like a pretty good bottoming signal...
I'm hoping that it is true and the bottoming is done. Now, the next is what surely will reveal the height of the peak because with the facts you have described there should not be a doubt the bottom is here and the next should unfold soon!
I am hopeful as well. If history is any guide, the lows should be in, though the highs will likely take a 2 years or so be reached.