50% confirmation

A move above the 50% retracement of this decline will confirm the low has been put in place.

There are simply to many indications that a major low has been established and we will look back at this short sharp sell off as a great place to buy that this 50% confirmation seems to be only academic.

I hope I didn't just Jinx it!! : >

Here is a little lesson for you. Can you spot the positive divergence in this chart?