Gut Feeling

I think today was an important break, but I am leaning toward thinking the psychological warfare isn't over; most traders think this is a pullback and many are buying in to it, a move up would suck many more in as confirmation. I get the feeling we will see upside before the next significant break down. I'm going to look around to see if there's evidence of such, if so, this would be a golden opportunity to position yourself in shorts you like on some price strength, a second chance if you will.

I'll report what I find.