Overall, the market is acting exactly as I have mentioned often lately, that being that the bias here is sideways to down and not just down. I think the simple reason for this is that the consolidation after the 8/24 low simply took too long and built out too far to the right. This creates a good deal of support all over the chart and it’s difficult for prices to get lower. A cleaner move to the downside would have been a bounce and then quick retest of the lows.