Tuesday, December 2, 2008

Bullish Divergence - Morning 12/02/08



The 5 Minute $TICK chart indicated an uptrending $TICK. At 1000ET, the market gave us a bullish divergence on the 1 Minute Chart, which turned out to be an indication that the short-term bearish correction was over and the market was ready to test the bottom of yesterday's Value Area.
Charles

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