The sentiment going into to today was almost EXACT to the May bottom.
The one difference now: overhead resistance.
Well we got through one layer of resistance. We'll see if it becomes support.
Sentiment today was almost exact to last Thursday July 5th which gave us an unchanged day.
Resistance, overbought and a jump in bulls Friday is on the bear's side today.
Earnings and of course, the moon's on bulls side.
WWW is on da_cheif's side.
Watch the red s/r lines.
http://stockcharts.com/c-sc/sc?s=$VIX&p=D&yr=0&mn=6&dy=0&i=p12461623064&a=27927380&r=2575.png
Edited by Rogerdodger, 09 July 2007 - 11:31 AM.