The dance continues...

is this a 3 step ? Now that the ever "grey" stimulus package from the U.S has deflated some hope of a latter year recovery, the market's volatility has increased. It certaintly looks like global economies are showing mixed signals with bias to the downside as hopes of stability and potential recovery dims. However, this makes it hard to trade as many daily charts show a congestive mode, albeit the longer term trend is still down. Failures at stabs to the upside may tire the market out and keep it in limbo. Its a time for patience and sideline monitoring. No position is taking a position . The broad range that the majors are in is like a blender chopping up intraday and swing traders. Will this "tomato" sauce thicken any further.