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[rkd80]

I really did not think 'they' would pull it off, but the weekly situation went from breaking down big time and putting the bull market in danger to suggesting that this bull's life expectancy just went up. I am not painting myself into one corner or another...but.

Charts of NYA SPX RUT look much much better.

RUT: Was so close in threatening a close below the EMAs for the first time in 4 years.

http://stockcharts.com/h-sc/ui?s=$RUT...6&listNum=6

NYA: Ditto, look at the 55 ema

http://stockcharts.com/h-sc/ui?s=$NYA...2&listNum=6

SPX: 85 ema was the key on this one, picture perfect. This one shows nyse new lows.

http://stockcharts.com/h-sc/ui?s=$SPX...6&listNum=6


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I said 'they' because its amazing how the situation went from crap to glad.