The last few hours have produced positive divergences in all the averages that I track intraday. Specifically, the Q's are ready for a decent bounce. How long, how far? All I can say is that it appears to be on an intraday basis which means it could be done by the close, however, I doubt that it will be. I'm guessing a run to about $48.50 or so.
Wednesday, June 11, 2008
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