This has to be continuous weakness. Today, a rapid down move down on the remarks of Mr Greenspan and has the hallmark of a shakeout. If there had been no supply in the recent background the markets would have taken no notice of the remarks of the Fed chairman. Todays action looks like a shakeout. If the market now recovers any down bars on low volume will indicate strength, and you would expect higher prices.
Shakeouts make a market strong.
Regards Tom Williams.