The search for the lows of a move are always uncomfortable because they always appear when everything seems to be the gloomiest. The bears have had a move where they have finally made some money after several years of spinning their wheels. Right now they are driving but fortunes change quickly.
Bernanke will speak today so their will be extra chopping around as his verbiage is revealed. The market will need a bit of surprise in either economic data or in the Fed language to get some traction.
