Monday, November 24, 2008

DOW SOARS

90% up volume registered with todays advance, follow thru will tell us tons as to how far this rally can carry us.

9200-9500 is not out of the question. VIX dropped sharply, a fall below 40 ish would be one nail in bear coffin.

Stocks have looked cheap all the way down, how do you know when to jump in? 2 trips to VIX 80 should have been enough fear to give bear a pause....

I think we are seeing abear mkt rally, not end of bear or beginning of new bull, money can be made.

HNI jumped $1.50 today from $9 lows....I thought $9 was stupid price. SOLID company with caveat industry sales projected to fall 10% in 2009 ! IS IT already in stock?

ODP looks like a casualty under $2

WFMI whole foods up sharply finally rallying. SNDK popped off $5 price !!!

Not for the weak of knees, lots of risk, lots of potential, ST plays on long side.

NEED GOOD TEST of lows to get more jiggy as most will be deep in denial

D

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