Trade Like a Stock Market Wizard: How to Achieve Super Performance in Stocks in Any Market: How to Achieve Superperformance in Stocks in Any Market

by Mark Minervini

At the bottom of a cyclical swing, the following things happen: 1. Earnings are falling. 2. Dividends may be cut or omitted. 3. The P/E ratio is high. 4. News is generally bad. At the top of a cyclical swing: 1. Earnings are moving up. 2. Dividends are being raised. 3. The P/E ratio is low. 4. News is generally good.