This sure looks like a new bull, LOL. Seriously though, it does appear to be capitulation, deeply oversold and in need of a relief rally just to rebalance shorts. But that doesn't mean the new bull has begun. Just a snap back. <img src=http://stockcharts.com/c-sc/sc?s=$INDU&p=DAILY&b=5&g=0&i=0&r=8889> Buzz