Hmmmmm...

Color me confused... No good news, but the markets like to move up. I've been reading about some mandatory redemptions where some large firms are being forced to liquidate some bonds and buy stocks. While I don't know the details of it, if it's true, it would explain the upward movement in stocks. Volume is so light that any steady buying would move things up.

It's a good thing nobody is actually reading this stuff that I type. :-)

The short I'm holding onto is getting nailed. Don't tell my wife that I've lost a few dollars. Maybe I'll go back and change my previous posts to say that I'm actually on the right side of the trade this week.

Nah, I'm here typing to myself to track things and learn from myself.

Lesson 1 learned 3 weeks ago... don't buy in with retirement money to try to play a bounce. Got bit on that one but not too bad and I did get back out.

Lesson 2 learned this week... Stick to your discipline (applies to lesson 1 also) Lock in gains and use trailing stops.

Doesn't look like 7773 on the Dow will be broken this week, huh? I won't even venture a guess about next week yet. This market is bi-polar and all the usual patterns, expectations, logic and common sense are out the window until things calm down.

One thing I'm sure of and that's as long as volume is only average, we haven't seen the real buying that will happen when the bottom has been found. Who knows 8154 may have been the bottom and when it's tested (which it will be) it may hold and then the real rally can begin.

We'll see what ghosts and goblins show up for the market tomorrow.