$heff's $tation of $tocks & $olid DD

[value1008]

I still find it very difficult to buy into this rally, which might only be a colossal head-fake bear-trap, after the COLOSSAL damage done to the charts for the major indices and the worst week since Feb. 2009. You gotta know that sent chills up and down Wall Street and around the world. This could just be a rally to let the big money sell to the "bagholders" before another round down.

A lot depends on the perception of just what is really going on with China. If notorious shortseller Jim Chanos is right, "it's much worse than you think." If he's wrong, then all this recent drama could in fact just be a nice "correction" in US mkts for first time in several years and then it's "back to bullishness."