IMHO, this is setting up a u or saucer bottom, which is bullish obviously. But more directly, I am not looking at the pattern so much as the indicators, and where they are at, at this moment when we are right up against the primary indicator I used to tell me that the bear had started and bull had ended.
But we will see. As in any critical moment, if the trend turns down from here, we may get action like from the 2nd week of Aug 01 to the end of sept 01. You see, the weekly looks most like 1/1/02, and that was a peak also, but the indicators were overbought then, instead of oversold
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