For anyone looking for a ‘retest’ of the Feb lows, it can’t be a successful one because we already have more stocks making new lows than then. Learn what a retest is please.

For anyone looking for a 'retest' of the Feb lows, it can't be a successful one because we already have more stocks making new lows than then. Learn what a retest is please. pic.twitter.com/FqVN167fgl

— Helene Meisler (@hmeisler) October 27, 2018

H/T @chigrl (resized it)
Returns so far this year… pic.twitter.com/IoS58L6bE4

— M/I_Investments (@MI_Investments) October 28, 2018

Here's what successful retests look like. New lows from 2008. Surge in June. Surge again in the fall. NOT successful.
Now look at November 08 and March 09 vs. Oct. 08: fewer as SPX went lower. Successful. pic.twitter.com/fRApQYFdDr

— Helene Meisler (@hmeisler) October 27, 2018