We talked this morning about

We talked this morning about GWPH as a proxy for whether the sector”s bounce was credible. The proxy said no, and the bounce disappeared. The broader market hasn”t resumed its decline, but not for lack of trying — just for lack of trying hard. For what it”s worth, these are very interesting levels to be testing. I am monitoring for actual reversal signals, which would suggest the levels are being exploited. Whether it is a matter of 10% or 25% or more, it may be a matter of only 1 day, 3 days, etc.