Technically we are down in the bottom region now. I have seen the relative strength (RSI) down at these levels ever before..
Use the link below and set the timeframe to 2 years.
As I said on Friday with the buying sitting near the $1.25 level the bottom is likely in and the selling we endured this last week may be over as those "asture investors" cease to dump at whatever the market offers. God I thought the bottom was in last week as it was sitting in the historical levels then. But as we saw it continued to drop and these latest levels are the lowest the charts have seen in soome time.
One observation though, is that the MACD could be more oversold as it has been lower in the past. Thats the only technical not quite down as far as the rest.
http://stockcharts.com/h-sc/ui?s=ISM...