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MID-DAY POSITIVE DIVERGENCES

ByGary Kaltbaum

Anything is possible in this market so let us just report:

With the DOW down 290, the NASDAQ starting to get a big bid with the A/D going nicely positive.

With the DOW down 290, many NASDAQ names are green.

With the DOW down 290, some of the major indices have penetrated into the big reversal day low. We are not so sure we break those lows right now.

We have no idea how this nonsense finishes today and frankly, we hate micromanaging. For all we know, we finish down 500 today. We are just reporting to you what we are seeing as potentially positive divergences are occurring nearer to the recent lows with the NASDAQ/NDX/SEMIS trying to lead the way.