Thursday, November 06, 2008 9:03:35 PM
Looking for positive divergences like we saw in October 2002 suggest that we may have to wait a while before we get to the ultimate bottom. What will we see there? Lower volume, lower numbers of new lows and a higher lower on the BP Indices. A couple of charts worth watching:
...You don't understand! I coulda had class. I coulda been a contender. I coulda been somebody, instead of a bum, which is what I am.. Marlon Brando 'On the Waterfront'.
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