wahz, additions to the list of those coming around to your way of thinking include several of the big name e-wavers over on SI and, bit-by-bit, yours-doggily. {g}
I've just been looking at a whole bunch of charts. (No time to post tonight 'cuz augieboo and I have to go babysit my brother's doggies and we'll be gone overnight.)
Eyeball-only summary:
I'm seeing LOTS of charts with multiple positive divergences in momentum oscillators -- Stochastic, PPO/MACD, and RSI. Sure, it would be easy to write this off as a result of Thursday's little party except that by wednesday the charts I'm talking about had already made new price lows without making new oscillator lows.
The charts to which I refer include both broad & narrow and large and small cap indices, sector indices, several members of INDU, and several of the largest techs. Plus, the XAU looks like crap that hasn't even been warmed over. {ng}
I hope to post a bunch of charts tomorrow.
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