Thursday, November 20, 2008

Divergence in T2108

It's interesting that the T2108 is not at new lows while SSO and QLD have hit new lows. This tells us that there are more stocks above their 40 day moving averaged now, at new lows, than there were at the last higher low. This positive divergence leads me to believe we could get a good bounce off a big down day.

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