Tuesday, November 18, 2008


Today felt like a low volume day, but I failed to realize how much volume was behind the buying at the end of the day.

I do not know what to think of this market. I can see it moving up, I can see it moving down, I can see it moving nowhere. I will continue to play this market anticipating and taking profits on small moves, until I have more confidence on the direction of this market. The recent action makes me want to be bullish, but this market is just pounding on death's door.

A soft landing to a bottom? I wouldn't bet on it.

Maybe what this market needs is REAL capitulation. A close below the lows for 3-5 days. Take anyone who does not want to be in the market out.