R.C. Market Report 12.2

• Tomorrow's Forecast: One Step Forward, One Step Backward
• Like shoppers on black friday, sellers rushed out of the gate this morning, trampling over my call position. Volume was moderately low but the price action didn't let up to the very end.
• Tomorrow: The speed of the drop was quite fierce. But, I believe the market will be able to establish a higher low. Therefore I believe today's decline was overdone. A pause or a slight up day tomorrow is what I have in mind. However, if the decline continues, we can very well make new lows as well. So tomorrow's action will be important in gauging which direction to trade next.