Just looking at the MACD and it seems to support the bottoming effect we are seeing with the volumes decreasing and or tapering. As it becomes more positive the price bottom becomes more established and stronger as a "base" there will be the usual intraday ups and downs still, but it is the closing SP that is used to calculate this daily indicator. *See the trend/s once the Micon report hit the markets to see the effect of the sell off and the fact that it really lasted until about Feb 16th-22nd ( a good 5-6 weeks since news). Trading back at the 10 day EMA also tells us this too.

Since that period, we have seen a positive trend as it trots upwards to become more positive now that it has crossed over the neutral line.

Of course all indicators should be viewed together to either confirm or deny movements and trend predicitions/interpretations. With such a void of news, sometimes the TA is the only analysis the follow along.

IMHO

http://stockcharts.com/h-sc/ui?s=ISM.TO&p=D&yr=0&mn=6&dy=0&id=p80772924437