Tuesday, August 24, 2010

Another piece of evidence...



Clickcharts

Note too that their proprietary trend indicator has gone green for two days on the $RUT. This hasn't happened yet on the $SPX, though...

I saw this green light first show up yesterday, and I think thats why I pulled the plug on my shorts...but there is some lag on these things..

At the top you see negative divergence on the 'Russell 2000' $VIX. This also evident on 'regular' $VIX, just less pronounced.
All taken together, we're at some kind of a bottom..

Update 2:20 Central: Just purchased a little long position on $RUT...


Another indicator: Money Flow shown here above on the Q's...

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