This is a nice little test for today and gives some hope to the bears.
It really just had to fall last night,too many rises on not much news ,just getting to a critical level .It's a perfect scenario if you're a bull but also encouraging if you're in the doomsday crowd
Hopefully those that have ridden this up have taken the opportunity to lighten the load .Noone really knows so I'm hopeful of further rises but unconvinced of either bull or bear cases ,especially in the shorter term
This is a tough market that really cruels those who take a strong position either way because it's just too hard to get the timing right
divergences & time clusters for a possible cit, page-9
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