The fight between bulls and bears continues, after three days of decline last week, the bulls took the lead yesterday and agressive buying pressure was recorded by our buying/selling index, our fear/greed index and our capitulation index. In the option market, traders were equally eager to build long positions and tried to catch the rebound. This pattern should continue until we observe a clear capitulation from market participants that should mark an important bottom. In the meantime, swift up and down moves will confuse bulls and bears.