Trade action today was all over the place and allowed the bottom boys to run with the indexes for a bit. It is better to trade both sides these days than allow any position to become a burden. Fed relief has not appeared in the form an any rate cut as of this post but many traders are anticipating some form of emergency action. Disappointment may lead to another leg down if the market is devoid of buyers during the turn into Friday.
The markets technical retracements during the daily session do no give the bull anything to build on. When given the chance to fail support, it usually does. DJI has now closed twice under the August lows with the bear market confirmation close at hand.
