A turning point and a changing psycho.

It is a quick turn around. in a short time of two days, the psycho of the market changed completely. It used to be that traders sell before the closing, but people is buying today before the closing. by the end of the day, the market looks much better than yesterday.

1). VIX is in a down trend, which is a good thing and can calm the market.
2). DOW is reversed from the downtrend. and other indexes are not far away.
3). SMH is reversed from the downtrend. and if the history is any indication, qqqq should follow

so, the next two days is very important. if the market can hold and even go higher, then, the bear can be officially buried.

Obvioulsy, the catalyst is the FED speach, and we will have more tomorrow. regardless, the FED watch is officially began. Truly, the FED right now is the best friend of the WALL Street and the rate cut is the life line of the market, so, until Dec, 12(?), Bull can always use FED to fend off bears.

There are a lot of bargain hunter and short cover as well. the best performing sectors are financial, semi conducter and comsumer discretion. SO, the most beatdown sectors are the most shining today.

as with yesterday, oil is helping as well

A rising market make everyone looks good,so, let\'s hope the good day continue