Tuesday, October 05, 2010 3:04:51 PM
This last hour should yield some clues.
If we get little to no activity the rest of the way, and the PPS stays where it is, then we have an excellent chance of testing .001 tomorrow. Then we'll see if those MM's are real or fake and we can hold the .001's.
If we get hammered into the close on volume, that will not bode well for the short term prospects. My guess is that we'd slice right through those .001's to the downside tomorrow. That would most likely be it for me.
If we rally heading into the close with some volume, then it could soon get interesting to the upside.
Needless to say, IMO this is a critical point in time.
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