But don't be fooled. This is not the start of a new uptrend. It is merely a reaction to the new lows made today. Remember, the market does not go down in a straight line. All of the indexes made new lows and then corrected. The main trend is still down. The downtrend may resume tomorrow or in the next few days. But today the dow went below 10000 before correcting. I believe the Dow is headed 800 points lower to around 9200. The other indexes will also go down. At that point I believe it will have a significant rebound and I should cover my short positions and either go long the market or go into cash. Check out the Dow chart to keep it in perspective. Click on the chart to make it larger.
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