I have no doubts....and if you think about it...Abby Jo Cohen telegraphed that GS would be buying soon just last week.
Buy low, sell high still seems to make sense. Let's just hope that this isn't just a reflex rally.
My comfort level is still not that great...I still don't feel that we had a real capitulation yet. The nyse tick yesterday got nowhere near capitulation levels and I don't think that the naz can rally with the dow crashing. A huge rally right here is a great thing for me. But I think that if we were considering the overall health of the market, it would be better if we consolidated at these levels for a while. IMHO. |