angel and druss, the fed is always a little behind the curve when it comes to the markets, the markets are forward looking, fed bailouts come out near bottoms, the news is the worst at bottoms, earnings suck, gloom and doom everywhere.
this is the practice of contrary thinking that comes into play on this thread, however for trading purposes the swings in investor sentiment as shown by the rydex #'s are more important than the bigger picture for moving with the ripples.
news was similarly gloomy at the 98 bottom and it turned out to be the buying opportunity of a lifetime.
but as i said, this is not 98, in 98 the nasdaq was coming off a big base double bottom from 97 thru 98 asian crisis, now it's coming off a parabolic spike.
but even if the bear market will extend beyond here - bear market rallies are killer money makers, we were up almost 20% on nasdaq in one day, all you have to do is watch jt's update and when it gets to 1.4-5 billion cash, u buy buy buy, when it gets to 800 million cash u sell like hell -g-
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