Rally on weak volume and so-so breadth on the advance/decline line. All energy, materials and transports. Any indecision or absent a follow-through we will likely see a reversal back down. You would have preferred to have seen some sort of rinse before this rally, which more than likely will return to new lows, perhaps 10-15% lower from today's close before I'm anticipating a tradeable bottom. If we still do not have capitulation at those level then it'll just have to keep going lower until there is.
Edit: Besides, Doug Kass is calling another bottom. The last one (pronounced on 12/22/08, Dow 8000) was supposed to have been at DOW 7350. Also, Cramer is all fired up ready to BUY BUY BUY!
