For the price to turn bullish from my perspective we must close up at least above 33 EMA. And momentum has to improve.
The way momentum looks now, I'd rather expect a strong sell-off in the making then any sort of a meaningfull rally.
But as long as price keeps closing under 55 EMA, I would'nt even bother trying to pick a bottom here. Unless we get extremely oversold on price or internals.
As long as momentum is setup like this expect surprizes to the downside.
Edited by ogm, 02 November 2007 - 03:40 PM.
