for bottom fishing operators; new signal generated

we have a swing low detection, a higher low and an inside day

"Sometimes traders can feel alone in their experiences – particularly when stupid errors and large losses occur and during long, flat periods. Believe me, I have made every mistake in the book, have suffered through many sleepless nights and have had conversations with the higher powers that be. Through it all, I have never wanted to leave the trading business. I don’t love trading and I don’t hate it; it is just what I do. I love working."

Small speculators are the only one holding net long at the moment. Both commercial speculators and large speculators are now net short Russell 2000.

The market could “go either way”

“Sam’s fatal flaw...is that he had a preconceived idea of where the market would go...when conditions changed...Sam refused to accept the new evidence...Instead, Sam began to search for shreds of evidence to support his bearish case. This is a very common trait of stock market investors. Psychologists would call it ‘selective perception’. One sees only what one wants to see. Unfortunately, in the stock market, there is always some bearish evidence and some bullish evidence. You never have difficulties unearthing clues to back your viewpoint...I could argue that a year after I had turned bullish the market was higher. I could argue that I was not wrong, just ‘early’. I could stubbornly insist that I was right and the market was wrong...The fact is, I was just plain wrong, I knew deep in my bones I was wrong, but my ego got the best of me…” - Martin Zweig in Winning on Wall Street