We saw a big move yesterday and the market is advancing again today. I would love to jump on the bandwagon and tell you that the correction is over and that we can all get bullish again.
The problem is that we're not all getting bullish. Yesterday's advance did not have the robust volume behind it that accompanies institutional buying. Watch today's volume to see if the big guys are jumping in.
If this rally attempt fails to carry through, we could see a new low. You want to remain cautious for that reason.
Christopher Smith
TheOptionClub.com
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