The markets have become across the board oversold. While that doesn't mean we will see the end of the bear market, it does mean an intermediate term bottom should be arriving in the near future.
Both the NASDAQ and S&P 500 have reached levels on the McClellan Oscillator that have coincided with rallies in the past.
In addition, the 10 day moving average of the Advance Decline line has moved to levels typically associated with intermediate bottoms.
Finally, the long, medium and short term stochastics have all lined up in oversold areas. That's a relatively rare occurrence and almost always marks the onset of a trade-able intermediate term rally. It happened during the recent bottoms in January and March, the June and October bottoms in 2002 and before that in the bottoms in March and September 2001.
Such a nice post this is! Thanks for your sharing with us~!
Posted by: Timberland Work Boots | January 09, 2012 at 07:13 AM
olar energy is environmentally friendly. Compared to fossil fuels which release greenhouses gases, carcinogens and carbon dioxide, solar cells don't release anything into the air.
Posted by: Asics Tiger Australia | January 16, 2012 at 09:12 PM