Wednesday, February 16, 2011

Divergence is building...

We got the test of the trendline just like I was forecasting. The bulls were there to buy it up, so we had no break.

And now the market is gearing up for a big move: up or down. The RSI divergence is pointing down, but will the buyers come out in droves and cause a short covering rally? That is where we are and tomorrow should prove out.
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