Unimpressed by volume

The up move today is a suspect. Bulls don't have the participants and are being driven every time they approach the 880 line. I don't know how long the bears can keep the levi against the tide of desire to break through 880. Almost everyday we have terrible news and the market seems to want to test the resistance. I would have though that with 6.1% annualized drop in GDP you would not have seen cheering on the wall street. But that is what we saw today. This tells me that we have not reached the eventual bottom of this bear market. This is not a behavior of people who have been subjected to massive losses. So, I don't know where these punch-drunk people are coming from? However, it would be a mistake to not participate in this upward move if the market goes through the resistance with high volume.