Tuesday, August 3, 2010

What does this divergence mean?

Either the Slow Stochastics indicator in this chart is telling us we are at a very oversold place with lots of upside potential, or, the rally from the early July bottom is the predecessor for an extreme down move. Which is it?

Keep in mind that volume for this recent rally has been worse than uninspiring...


Gail said...

Hi Mark,

I haven't been to your site in a while - been too busy with other stuff. The new color is nice.


mlytle said...

Hi Gail,


Mark L.