I think my readers know where I stand but here is a chart that can go either way.
The NYSE composite bounced off critical support (as drawn plus the 200-day average) but remains below critical resistance (the earlier Feb high and 50-day average). Volume on the big push Tuesday was weak. Volume during a similar push in July was also weak.
Basically, I can make this chart say what I want it to say.
What do you all think and why?
