The selldown in CCM today tells me that there is more downside to come. It also tells me that the distribution phase could be over. This selldown would definitely create a malaise feeling to the unwary public. I saw the public buying because they thought it was a breakout, when unloading action was hidden behind the scenes. As the days come by, you shall have a result on whether the bull or bear wins. This is discernible by it's course of action.
Ronald K
