have we seen the bottom, page-4

yeah, after a bit more tought I'm reading this as a counter trend rally or breakout at present. They mostly fail and are hard to profit from because the peak and subsequent decline is typically a bit abrupt. A key indicator is the volume. The volume on dow today was pretty much same as yesterday, which was reasonable but not huge and the volume didn't expand today. At least it didn't decline which would have been the kiss of death. The up move has also passed the two bar test which is something positive.

I'd have a bit more faith in it if it there as some good evidence the whole rally wasn't just short covering leading up to the witching hour this evening US time. If you extract the volume that was short covering, you might find that investor volume actually declined today. But there's probably no way of telling. oh well if I miss this one there's always another move to catch later. cheers!