Some are saying it was a solid test of the bottom. I don't believe that at this time. It looked more like a relief rally and profit taking by the shorts. We are going to trade in this range for some time to come.
IllTestYourGirls I used to think there may be some sort of PPT but I highly doubt it now. If there was it would have been used to get McCain in office. A few weeks before the election would have been the perfect time to prop up the market and make everyone feel good.
The PPT is something shorts use to bitch about when they get whipsawed.
