Yesterday morning, we thought a chance another A LOW was being put in as we again noticed big tech leaders showing tremendous relative strength. By the close, we were not so sure. We now get a strong gap to the upside. Our last A LOW call lasted all of 3 days. Our biggest worry already is that we are hearing too many calls of THE BOTTOM IS IN. Really? Based on what? Do they not know bear phases usually last a while and have 3 legs down? Yes…we know the average stock is already down 50%. So we hope the bottom callers are correct. Would be all for it. For now…A LOW…but don’t blink. The market has not even opened yet.
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