The Black Box

[mjk]

I just reread my last post and saw how stupid it sounded when I tried to describe what I meant by positive divergences...obviously everyone here knows what that means. I was really just trying to stress how really obvious the bottom should be if we get a lower low or retest type scenario as opposed to a V here. Look at any similar period over the past 15 years, and if it ends up at the 200 or 300 day, look at the characteristics of the bottom, they're pretty easy to see. The worst case is you see a nice positive divergence, but it doesn't really take you anywhere, you continue to trade down near the bottom, but it's a pretty good bottom indicator. The best case, after you see it, you explode.

And again, since I don't know which we're going to get, or if we just saw the bottom yesterday, adding below 1943 was/is probably a good idea IMO.