We may have seen the bottom ? A large green hammer has formed on...

We may have seen the bottom ? A large green hammer has formed on the daily index charts and also a minor positive histogram divergence.

The weekly is any ones guess. IMO worst case scenario is support around 4000 points. PE's would have to be very low at that point. The funds that were selling will be buying.

First stage recovery of a bull market is well and truly completed. Major correction has taken place before the longer and safer stage two starts.
Intermoco needs to be firing by the time we hit stage three. The rampant speculation stage before distribution at the top. This is what Charlie reckons.

How's the duk ?