Exactly. There is no bounce despite a huge amount of TA to support it. It is just a matterof time. What is interesting about Jeff's retrace theory is he is seeing a retrace of a market that defied gravity. Now it does not seem to be able to escape it.
In any case, the sheer complacency of these bears and thefact that the market has really done very little in the last month keeps me in the game.
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