It is common that in a bear market you will see strong rallies such as we have over the last several weeks. When those rallies occur it is common for everyone to get excited and kissing perfect strangers...like we are seeing in the stock market now. Just be cautious who you kiss and definatly keep your cloths on. If this is the bottom, it might be, there will be plenty of opportunity to make money on the way back up. If its not you will be very happy you waited. Scanning the weekly charts this weekend, I am seeing more short setups than I have in a long time..and with many issues up over 100%, dont be shocked to see a retracement from here. News reations are still strong, as soon as that stops would be a great time to get short and probably cover longs.
B
