I Need More Proof of a Major Market Turn

The indices are struggling this morning as the first bounce attempt fizzled out -- even though there is no obvious news story to blame. Overseas markets were lackluster -- mainly due to some weak economic reports in China -- but this market isn't driven by news flow like that. What drives this market is unrelated to the headlines. It is primarily computers taking advantage of price movement.

The dip buying is so routine that it is likely there are some computer algorithms that are going to go to work when the dip buying stops happening. What we have to watch for are lower lows intraday and a weak close. That is what will cause the algorithms to move away from the dip buying programs....130 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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