Wednesday, January 23, 2008

Bear Run Over

Well the bottoms come quick and distance themselves from the lows rapidly. Since no one seems to believe this rally it may the a significant low. Back and filling will be a force as mentioned in prior posts but a sideways to higher action may become the norm. VIX will again be the victim since it has been the play. Techs may be the beneficiary of this bottom more than the SP500, todays leader, because they tend to attract the spec dollar. Look for Sp500 to test 1318.