Aside from that, the volume is anemic and not much opportunity abounds.
From what I can see, most participants are skeptical about this "bounce" and clearly don't want to get stuck should we experience another day like Friday.
You'd think it would get a little easier since this up/down/up/down pattern has been the norm for the past 16 months, but alas it's not the case.
The prudent thing to do is see how this rebound holds and if there is a re-test of the low(50 Day MA), how it handles that.
If it doesn't a significant drop to the down channel(Pink Channel on Dow Chart below) where the 200 Day coincidentally resides.
More to follow....
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