I don't know if it is important since this failure was accompanied by renewed put buying, every single little puny wiggle down is taken as a signal that the rally is over, that indicates too many people are bearish.
but how normal is it that we have these low volume markets where they feel a need to jam the tick up to 1000-1400 several times a day, for weeks at a time?
Zeev, CSCO closed at 22.35 yesterday, and was never below 22.76 today. That's a big gap to close and portends atleast an intraday low for the market Monday, IMO. FWIW.
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