Another bounce coming, maybe a bit more substantial?...

[Mark Lytle]

There could be another bounce here, as the support trendlines have been 'just barely' exceeded, with hourly Stochastics turning up...I have watched these trendlines inumerable times tolerate a slight penetration and then force price action back..

[Steven Vincent]

Yes I agree we will see a short sharp short covering rally that will end with a renewed decline to lower lows. Just interviewed Andrew and Larry and they concur with this short term view. If you play long on this rally be sure to enter on a pullback and be ready to exit at the first sign of weakness!

[BullBearGirl]

Thanks Mark. That's what I was hoping since I'm short:-)

[Mark Lytle]

Hi BullBearGirl,
Just a bounce, I think...The nimble people (day traders and such) might play it....

[BullBearGirl]

Do you think this could be a short term bounce or the beginning of another upward leg in the market?