The below may be true, but I am thinking any sell off may come from a higher- albeit not that much higher- price. This is as the price/volume diffusion index remains in a positive mode and the VIX (modified of course) are leaning towards the positive side. I would be more constructive if not for the waning strength in the diffusion index, and the market's price is pushing into November/December 2007 downdrafts with much lower relative volume.
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