Correction or Crash, Part Two

Last week we talked about how horrible the market breadth was and how the s m p 500 wasn't really reflecting accurately quite how deep and how significant of a correction we already saw. And so far, you have to give it to the correction camp, and that that this really does look like it has turned back up. Now we're coming to a pretty critical moment, because always as you approach a previous high, there's famous patterns like double tops or fake out breakoutsLike ato crate headof of a head and shoulders pattern type of thing could always occur. But right now, the pattern of dips being bought and new hies being made remain intact.