Ok now some buy programs kicked in, there was some heavy volume
in the Magic Ten at the low of the day, when the S&P hit
1063, and the DOW hit 8425, that's going to be the short
term support, and could signal an improvement.
This won't be a stock pickers market, The mutual funds will
be at war trying to get the best position, individual issues
could be very volatile, if I buy any thing it will be an index
or a diversified fund.
If momentum does not pick up on the down side, some buy the dips
might be worth a chance as long as the momentum is subdued.
Large Cap funds should go up first then the small caps may
catch on. The tick is really wild, a double bottom around
the 1063-1065 level would look OK , as long as it holds
there..any drop below 1060, and I would get right back
out.
Jim
PS the buy program was not as strong as the earlyer sell program,
so I'm still looking for a double bottom.
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