The pattern of early bounce attempt and weak closes continued today. We haven’t had a strong finish since late April, and that is just the opposite of what we saw in the first quarter when we went up daily. We were oversold and ripe for a bounce, but after two brief attempts, Greece and Europe news hit again. Closing at a new low with more European debt issues flaring up will discourage a lot of new buyers, but we are again presented with an opportunity for a bounce. Many had complaint about the nonstop bullish action to start the year, now we are finally getting that pullback. Will the buyers step up?
