AnderL,
I hear ya...
Wednesday was the biggest up day in six months. The C Fund rose 1.50% and the Nasdaq gained 1.71%. Volume rose substantially to confirm that this bounce had more power behind it than we have seen in many weeks. Nevertheless, this latest one-day rally still may be nothing more than a normal short-term bounce, a typical oversold rebound after a very steep nine-day drop. Rally attempts are normal and natural within any downtrend. But trend damage has been done, and so this bounce attempt will probably be limited. This is still a dangerous season for the stock market, both fundamentals and technicals are eroding, the bullish phase of the four-year cycle has run its course, and long-term trendline breaks suggest a bearish major trend change at hand. In any event, I believe if your time frame is short-term oriented, this corrective wave can be played...
Market Data 
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