When I originally penned this piece on Monday night, after informally polling most of my contacts and asking them if they thought last Monday was the bottom, the response was almost universally "no." (65% of the respondents to a "Fast Money" poll on CNBC said the same thing.)I wrote on my blog on Monday that I thought it was likely we had seen the lows. Still, I wanted to see how the market fared on Tuesday, so I held off submitting my column. I never thought Tuesday would see such a huge rally, but it just reinforces my view.Technical Evidence<[...]
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[Source: The Money Blogs]
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