A bounce in the making ?

It truly worth thankful that the market held above the Auguest low and the Bulls mounted a dramatic come back. Now that, with DOW above 13000 level, and both SMH and XLF in the oversold territories, maybe the bargain hunters will finally show up -- just like in black Friday-- Hopefully, they will find the bargain they want and a little bit more..

Given the market has dropped so much in the last two weeks, maybe we will finally see a market up two days in a row. so that we will keep the day before the Thanksgiving day an up day for the last 7 years :)

The major trend, though, still remain shaky to say the least. It is hard to imagine what could jolt the market out of this funk?

So, whether this bounce is a dead-cat bounce or it is a trend reverse will remain to be seen..

Obviously, it is a dilema for the trade as to what to do now. On the one hand, the market is in a bad shape, whether the market is bottomed still a controvisal topic. On the other hand, the market has dropped so much, it maybe to late to short... and I believe, this is reflected in Today\'s sea-saw season..

There are still strong stocks to be found. CRM, TDG, IDC etc are all in a push to the new highs.. but with such strong headwind, can they be the victim when people throw out the bath waters... Hopefully, at least, tomorrow will not be that day..