Yes, yesterday was a big day in the market, but this morning things were languishing a bit. As I type this, the market has moved a little higher.
What we're looking for is a follow through day. As impressive as yesterday's action was, it doesn't mean a whole lot if the market does not follow through. Once it does, it may signal a change in trend.
If you're trying to get a grasp on what yesterday's rally was all about, you might check out my blog entry from yesterday.
I understand the desire to jump in, just don't get over eager!
Christopher Smith
TheOptionClub.com
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