change of direction

Wednesday was a very interesting day. It was up/down many times. The
VIX spiked to 26, which is its highest reading since April 2003!

$SPX and $COMPQ both rose on increased volume. They also made hammer
patterns. All these things indicate a lot of churning and indecision.

This could mean we're in for some upside. Although, just like the weeks
after 2/27, we could retest the low again before we continue higher.