A clear divergence in price action and the MACD indicator is shown beginning on Friday July 10, 2009 in the hourly chart. This chart was featured in Dale's mentoring program on July 13th. The double bottom on the price action coincides with a higher bottom on the MACD.

IWM was trading below $48 on July 13, but the MACD was diverging up. The July 50 calls were selling for dimes. As of late in the trading day on July 15th they are at $1.54 a gain of 100s percent in just 2 days.