The light volume rally that exceeded everyone's expectations in the equity markets has finally come to an end. We were surprised, like many traders, just how far this rally extended. The major trends always win out in the end, and the major trend for the equity markets, the oil market, the silver market, and the Reuters Jefferies CRB index are all still negative longer-term. The long term trends came into play and proved how important they are in the scope of trading.
