Friday, May 21, 2010

Bounce!

Bottom fishers were digging up bait this morning as the Dow went from down 100 to up 70 before lunch. With the Russell 2000 tagging its 200-day average and risnig trendline from July it was indeed time. How far will it go? Could be one of those rebounds that gets the bulls dumping their verbal @#$% on the bears again. I hope so. Let sentiment get all happy again and I'll sell the trendline.

The bear is back, at least for a few months. Go ahead and buy something if you wish. I am going to take a nap after a pretty good week.

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