The market had come off that March 25 entry point for about two weeks, up 175 points, first rally off bottom. That was reflected in the Nasdaq Count, at about 10/+175, or full caution - don't go buying anything, don't be holding much.
The market slid 25 points at open Monday - insufficient market background (decline), did it again Tuesday - same analysis. But when the market, after three down days reaching -90 Nas points, slid 25 points straight down Friday morning, THAT is the definition of a snapback entry point. Look it up in Websters.
It was a safe entry, the market would bounce back some degree from the low, nearly assured. Those that were in, with either elite techs or options, are ahead of the game now, being in a few points off bottom - the power of playing snapbacks correctly.
Does this ring a bell? The website, and this play, have been around for five years now. There's a new installment out this past weekend. You're still invited.
New Breed of Stock Trader