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X's reading at past bottoms has ranged from .35 at the 10/4/74 bottom to .58 at the 10/7/66 bottom.

Do you have that statistic for the bear market of 1929-1982? It would be curious to see the reading for that time period.

The best course of action, of course, is just to let the market tell you when it reached the bottom rather than trying to anticipate where the bottom will be.
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