
Ok.... we have divergences in every oscillator.
MACD.
MFI, showed an impending buy signal late thursday, and has shown a divergence and has yet to hit overbought.
ChOsc went into a divergence, indicating a buy on friday.
SMI (also know as) STO % Threw out a buy signal about 15:30 on friday, it also shows a divergence.
At a minimum, this bounce should be stronger than the Tuesday /wed bounce.
But besides the fact that sentiment felt like we abandoned all hope on friday(UBER BEARISH SENTIMENT).
The fact that I called Bottom on friday(and though I joked about it being Tony's bottom), I actually mean it.
But besides all of those things....If you ignore all of that information..... I just can't help...
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Sunday, March 8, 2009
Charts
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