Guys and girls - this situation is going to resolve itself just like the situation in the 400s. We bounced around high to low and mid to low 400s for many weeks. Finally, there just were no more sellers. None. And once that happened, the bulls ran wild.

Well, that is what we are seeing again. No buying, but less and less selling. So unless sellers start selling more soon, then the selling will eventually slow to a crawl again. At that time, our only way forward will be up.

Now this could take another week or so or more - who knows - its all just "speculation" that we love.

But, me, I'm watching the sellers, not the buyers, for clues on how low this goes and where the local bottom really is.