China MediaExpress Holdings, Inc. (fka CCME)

[Headley Lamar]

Another important question to ask yourself right now is, at what level are the shorts going to stop risking their money to take it lower? Just like a long asks himself/herself how much higher they want to ride a stock before it stops making sense to hold it and begin taking profits, shorts have to make the same decision.

I think we are at those levels, or very close. If the shorts stop flooding money in and CCME can gain even the slightest bit of momentum, it could be a fast move back up as they begin to cover. It could be as fast as we dropped that we see the PPS levels that we were all much more comfortable with before the meltdown.

Another great thing about any rebound right now is it is reciprocal - meaning that with any ascent, the chart begins to firms up, the TA starts looking much better and the retail people that were flushed out come pouring back in.

My disclaimer: If the DOW drops to the low 9000's all bets are off :) I’m not calling that, but there is definitely a lot of uncertainty out there about the global economic recovery. US Baby Boomers are taking their gains and exiting stage left in droves. I’m seeing this first hand.