Submitted to Accepted Ratio

The POMO submitted:accepted ratio came in at 4 which is in line with past operations median close. This has shown in the past to close the market higher. This is where we really want to watch today to see if QE2 is any different then QE1 or QE lite.  Judging from the last set of positive divergences it doesn't look to be different, but looking deeper, the 5 min charts on all of those positive divergences have not caught up yet, most are still in line with the downtrend or negative still.