ajtj99's Market Pulse

[market_watcher]

No problem. What I'm saying is that if you look at the various 'bottoms' since March (which we now know weren't bottoms, just minor stopping points along the way down) in early May, late May and mid-June, and then look 10 trading days out from each of those, we were never so far off those swing bottoms as we are off the 35.54 bottom from 10 trading days ago. I'm doing this to get a sense of how strong this bounce is relative to the other bounces we've seen fail.

I guess my point is that if the downtrend is so strong and we're going to new lows, why is it taking so long to take out 35.54? That's not to say we're going to new highs, but we just might have entered a corrective wave to correct the entire move down since January.