Vacation Views

After Paulson did his thing and S&P told people not to worry, the bulls swiped back control and managed quite an impressive rebound leaving us above the 1310 support level in the S&P. Has the pre-Ben rally officially begun? Boy, it sure seems and looked like it today.

Sometimes I like to use line charts to eliminate some of the day to day noise in the market (especially in this kind of tape) and the dominate trend is seen along with a relatively large downtrend channel.

Do I think stocks are headed straight down from here? No, I do not. Nothing is that easy, especially in this market. Frankly, anyone who is bearish should expect the market to.....[READ]