AJ: Regardless of the price level, this process could last the entire week in my mind depending on the dip buyers willingness to just give up. On the time scale, this still has time to resolve.
Funny how most everyone attributes this dump to Iraq it seems when I have had this on the menu for quite some time and with renewed intensity on Friday when one of my top signals triggered. I think Iraq is the excuse for what the market was going to do anyway.