Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Q&A: Last Summer And This Summer, Similarities?

|Includes:SPDR S&P 500 Trust ETF (SPY)

Q: I was wondering if you could comment more on the similarity/differences in the technicals between this August and last August when the market dived. Did you see similar divergences in the Mcclellan oscillator, for example?

&

A: Yes it was one of the biggest divergence I ever saw. The McClellan produced a bearish divergence, got extremely oversold very early in the decline, but it kept going lower.

(click to enlarge)Click to enlarge

Stocks: SPY