Educational use only. Never intended as advice.

RKH - The Regional Bank Holders has that 'v-bottom' appearance as anyone negative about inflation and its relationship to bank profits gets trampled. Tom DeMark has some thoughts about levels in his book New Market Timing Techniques. Although like much of Tom's innovative work, it has obscure (observational) origins, he looks at multiples of 1.0556 on the upside off lows. For RKH, that works out to about 141. All technical trading techniques are 'guideposts' not stone tablets, and can only be used to form trading hypotheses. Some will be correct and profitable, while others will fail miserably, with risk control always up to the individual trader.