Buy: Chevron CHV (92.56) Sinking down to prior 2010 summer support levels

Severely oversold, with many indicators off the charts, historical anomalies are being made in most indices and stock charts while investor sentiment has reached severe bearish levels. These are ripe conditions for scaling slowly back into equities/ETF's as bearish news stops pushing markets lower. The chart above of Chevron is a classic climax sell off of today's typical looking stock chart. Go back in history '62,'82, '87, 92, ' and see the recoveries that ensued 1, 3 to 5 yrs later. Stock market history repeats itself.