This is why trend trading is best.

Here is a prime example of the trend that continues to trend....

There is no "bottom" here.

Jesse Livermore, one of the greatest traders of all time, made the point in "Reminiscences of a Stock Operator" that the unexpected events that occur in the financial markets almost always occur in harmony with the existing trend. When the trend is up the surprises will be bullish surprises, and when the trend is down the surprises will cause further downward movement. I have found this to be true. There was a time when I tried to pick bottoms when there was no reasonable expectation for the trend to change, and invariably when the next news item came out the stock dropped further.
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