Dow Jones Gets It Right!

Thank you Dow Jones! At last, someone finally got it right. Not Bloomberg. Not the local news. Not the talking heads. But Dow Jones got it right. They are the only ones who actually said that this latest shift is the second major correction this year of 10% or more.

So, how hard was that?!

And, talking about wow. Did you see the Market on Thursday? It was up huge! The S&P, NASDAQ, small cap, midcap. Just about everything was up. So... let's run right out and buy! Wrong!

One day does not make a market. Some of the largest up days occur in bear markets. That's what's known as a "bear trap." I'm not saying the Market isn't ready to reverse up, but I'm saying the technicals are still saying it's a high risk Market that requires care and consideration.

I believe we are probably on the brink of the reversal up, but step lightly until the Market and the technicals get the message.