You are correct Sir. When the market was going straight up with little volatility how in the world was that not good market action. Now with terrible market action he is trying to catch a falling knife. Boggles the mind.
Don't forget the valuation side and the 2x2 matrix.
I wonder if yesterday was considered favorable market action? The breadth was great but it didn't seem like that much volume for nearly 12% gains. Bear bounce? Changing so fast I need dialy market comments - LOL (helps my trading).