Reminderssssss

good evening,

just a reminder that DJ is close on monday for Martin ... Jr Day, and nx week is mainly earnings release period. Wed, SG will report CPI and US have their consumer confidence survey.

i believe many of you are confident of a rebound, maybe too confident. this is either due to many of your gurus expressing their bullish calls or seems to have gone through this kindda rebound before, aug correction rebound. i would like to stress that the picture is different from then for two main reasons. first is the difference in longger term trend, second is difference in rebound strength relative to volatility.

i experienced the same feel of bullishess the last 2 days, that is based on intra day itself and markets being in oversold position. getting back into the bigger picture, i cannot help but to note the risk of rebound failure, or should i say possibility of another dip before the actual rebound is not small.

remember that your market gurus that you respect are good in risk management, thats why they are still alive after all the mistakes. conclusion? remain biased towards a technical rebound but hold a conservative view towards bullish moves.

enjoy your new trading week... Heiwa