Double Top or New High?

The market rebounded nicely after a 10% drop and it is within striking distance of the all-time high.

PRE-OPEN MARKET COMMENTS MONDAY - The market sold off at the end of July after a heavy dose of news from the Fed, earnings releases and economic reports. The depth and speed of the drop are a sign of profit taking and I expect to see resistance at this level. Bull markets die hard. The trend since November has been strong and the bounce has been tall. Buyers have been conditioned to buy dips and they will not be easily discouraged.

Daily Bulletin Continues...