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Strategies & Market Trends : The Bird's Nest

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From: clutterer	3/7/2009 7:22:12 PM
	of 15232

spx daily model now has readings that correspond to the lows in 90, 94 and 98....the 02 lows had readings much lower than we see now...2 indicators have been showing divergence, the other indicator forming what appears to be a nice W bottom.............60min continues with divergence also....of note all of this divergence is now working its usual 3 bottoming formations, each to a lesser degree of the previous....so if there is going to be a bear market rally, this zone should definitely be able to support a sustained move...some seriously high put open interest out there and short interest....record bearish levels on aaii etc etc etc....its either turn in here somewhere or down into july....

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