Bulls need to Step Up soon or a Quick Plunge is possible

and threaten to roll over, 1) Several BPI's are in stall mode, on past declines, they usually had a more robust rebound from current levels, if like 1998 then a lower low in price coming 2) CBOE 10 dma P/C did not get up to levels of Mar/Aug corrections, I think we need to meet or exceed those levels 3) Rydex Cash Flow Ratio did not get to levels of Mar/Aug corrections..even tho the Data has become questionable over the longer term, still think it has some relevance in the st 4) Dec Pts ITBM & ITVM approaching zero lines a possible rejection area 5) NHNL diff. stalled at zero line 6) Dec. Points PMM (Price Momentum Model) looks like a dead cat bounce so far Now this can all change but to follow the Bullish script we need a rocket upwards and soon......otherwise more negative chop will have these indicators rolling over 100% in cash.......mostly daytrading, mostly commodities.

Who is going to bid up the price? Most buyers are likely only short covering.

Who is going to bid up the price? Most buyers are likely only short covering.

apparently there is alot of $$ cash $$ on the sidelines.........

Who is going to bid up the price? Most buyers are likely only short covering.

apparently there is alot of $$ cash $$ on the sidelines.........

Mine is. But I am not buying until there is a panic.

Mass liquidation of mutual funds is a possibility here. People still remember the last bear market really well. Or we are actually still in the same bear market. This is C wave down.

mike123: totally agree that the support has been coming from short covering.

Mine is. But I am not buying until there is a panic.

You are helping create the panic by not buying