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To: LTK007 who wrote (3690)11/12/2008 7:14:47 PM
From: Crimson Ghost  Read Replies (3) | Respond to of 3906
 
I am a little more positive on the markets now.

The fact that the OSC still is well above the prior low even though th market is nearly down to its low is a bullish divergence IMHO.

Futures not down that much despite Intel

And the buck seems to be rolling over.



To: LTK007 who wrote (3690)11/12/2008 8:29:03 PM
From: rubbersoul  Read Replies (1) | Respond to of 3906
 
Is this about the time we get a nice bounce?
stockcharts.com

It seems to me that although we are near the lows of October, this recent rally and now correction has had less volume. So maybe we won't be as oversold since we weren't as overbought during this recent rally. That being said, I would love to see a a real smackdown towards 700 so we could move on with this "promised" rally.


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