13 JUL 2010, Tuesday

• The bounce came and once it showed it hasn't stopped...of course that was after it was down day after day after day, as well.  Not much to talk about when you get these streaks...multiple consecutive closes in one direction or the other.  
• Chart above kind of sums it.
• Market has expended a lot of energy to the upside and it has just gotten back to its falling 50 dMA (not pictured).  But has yet to get above it.
• So far, since the flash crash, this has been one big wide sloppy swinging up-down affair inside the pictured channel with an overall downward bias...knocking at the door to break this nonsense?  Or return to the lower level?
• It's been a market only suited for trading recently...Dayum Da Boyz play this game well.  Gotta respect that.