ROLLOVER PROCESS 2007-2008Since every trade has a buyer and a seller, price action in the financial markets is determined by the conviction of buyers relative to the conviction of sellers. In the first half of 2007 (chart below), the conviction of buyers became stronger than the conviction of sellers allowing the S&P 500 to hold above the red 200-day moving average. In the second half of 2007, the conviction of sellers began to gain traction relative to the conviction of buyers causing the S
