The lack of a real energetic bounce by the bulls is problematic to me. There remains considerable risk for further downside, in addition to the random, wild price swings. Stocks have not responded jubilantly to the Euro and Aussie firming up, which is another reason for caution. I am watching to see if the bulls can pull off an afternoon squeeze before I would consider even a few tester positions at this point.
Stay rich, and stay tuned for more updates.
stay rich or go home…