So, what basically happened today on the open was everyone headed for the exits because Friday's afternoon action was uninspiring to say the least..in addition to the fact that short term Support was successfully penetrated.
Combine that with a weekend of hearing nothing but bearish talk and you have the masses heading for the exits.
So, what happens?..Bulls take back the battle and spend the rest of the day consolidating around the key 16,525 level.
Let's see what tomorrow has in store..will he rally and fade? Will we open higher only to decisively take out this mornings lows?
Either way, we have strong candidates for either eventuality. That'