Thoughts on todays rocky ride?, page-2

Certainly looks like a shakeout with a wide spread downbar finishing high-ish. Would have liked to have seen greater volume as that would have really cemented it as a strong shakeout. Action over the next few bars should confirm. Certainly on the sentiment and news front we can pretty much say this is the lowest point in our history, so a contrarian would be taking note right now. Looking forward to the short update for this period - should give us some belated clues as to what is happening.