Friday, May 21, 2010


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.