See Saw again

Today's market action was a see saw. This type of action continues to show us that the anxiety in the markets remains high. It also reveals extreme uncertainty. This type of movement can lead to a move lower. We may still have some upward drive in the coming sessions but I am still seeing the potential of another drop to come before we start the real recovery. And the drop may be to even lower levels then we have seen over the past week. Today's "see saw" action was a repeat of yesterday. There is absolutely no direction in the market now. And this is why I see the potential for another drop.

The full market analysis tonight..