The Market Correction - Page Three

The first action in the post f o m c period was a technical bounce at a very ke level. We did about a 50 % retracement toward the moving average. And while we are now officially retesting its previous his, and always the vulnerability, technically, of a double top can always be a risk. At this moment, going into this holiday window, i think we have to give the bulls the benefit of the doubt that they may' be able to break this out to a higher high.