I feel a little better right now saying that our bounce's distribution cycle has begun looking at the chart's below. Whatever the plan was before today, I think institutional money took today's gains and used them to sell into or at least start the process. It doesn't mean that tomorrow we'll be down, although there's a possibility especially if the Price/volume relationship is strongly biased tonight, we may have reached the same type of overbought that we saw (except oversold) on our big day down, Tuesday. I'd still wait for price confirmation before betting very big, but the shorts mentioned recently, should be in pretty good position to start phasing into. If you need updated entries/exits on any of them, let me know.
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