No new low yet overnight. Four hour candles trying to hold the line.
AAII sentiment survey strengthened considerably. Fresh data today: http://www.marketwatch.com/story/investor-sentiment-gets-hotter-in-july-2010-07-30
And here is that data in chart form. Long term chart courtesy http://www.sentimentrader.com/ At least its not bearish which means we are ripe for decline. The amount of correction seems appropriate for a Minor 2 and it is one of the things I have been patiently awaiting for.
Dollar looks like a double bottom and possibly beginning an impulse. I think indeed, screw GDP, Minor 3 may be on.