Shack -- are you saying the Nyse tick indicator says IT low? We are quite oversold on a lot of metrics, though certainly weekly charts have far to go, if they want. But we might have completed 5 waves down of some degree "c", so as I see it, this is the bulls last chance to salvage the first few months of the year.
Other than the oversold stuff, though, it's hard to key on a lot of bullish stuff. I still look at, say, KLAC's chart, though, and it still COULD be an ABC down off the early December high. What makes things turn around here, I dunno, but a reversal tomorrow will make things far more interesting than simply more declines!
the freep |
