Rebound

Alittle rebound after 7 straight days of selling. No reason to get bullish but bias is up for the rest of day

Today's Action

Nice gap up and a gap fill was so easy. Now it is 12:45 going out of lunch very soon, do we test the yesterday's lows or do we just close the gap again on the upside?

Market Reality

Why don t folks face up to the reality that we are in a bear market? Everyday we lose more and more equity in the markets but yet still people are trying to pick bottoms in the market I just dont understand. Financials are dead money I have been saying this for over a year and everyday I have been proven right. Folks there is a pretty good chance from what I am seeing we hit 5000 area this year on the DOW.
I think playing the market short is the only way to make money in the next 3 years period. Don't get sucked into believing stocks are cheap because I will tell you this they are going to become alot cheaper in deed. Think logically folks all the bank are bankrupt! They don't have enough assets to cover their liabilities of the mortgage fiasco. When the mortgage problems started to surface almost 2.5 years ago I remember saying this thing is going to spill over and affect the whole economy but we had our FED saying oh no it will be contained. We should look back and question all the decisions and speeches these leaders have sold us because they were all wrong or lying.
Get ready for rough two years in the market folks it is just simple as that, in the mean time lets keep rocking.


MARKETJEDI