Monday, October 3, 2011

Qs Near Support

The Qs are very near support at the lower 50 week 2 sd BB, and at the same time the 5ma of the TRIN has reached an extreme level.  The question is not if a sharp rally will occur, but when will it occur.  It could happen at any time.  The SP500 closed below the 8/9 low on substantially lower volume than on 8/9 - another bullish divergence.  

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