Word of the Day - Whipsaw

They say that if a bear market doesn't scare you out, it just wears you out. And that's what we've been seeing of late. Very big down day on Tuesday and a big reversal on Wednesday. It's like predicting the weather, it's always changing. And it wears out the true traders out there.

So, my two scenarios from the other day are still in play and I believe the up move could continue for the near term to suck folks back in. The big question that's been out there for almost two months is "Was Nov 21 the bottom?" Of course we just have to wait and see. You know where I stand.

If we're going to move down another wave, it has to start today, otherwise we're looking at a rally for a few days.