Time to buy?

A lot of folks are counting the turn-around today as the needed "capitulation" that the bulls were hoping for. I think it happened way too quickly to truly be a signal that the bears are done. We sat at -500 points down for just a few seconds before we started to march back up again.

I don't think the rate cut is the reason. That thing will take way too long to permeate the market before it effects anything.

Whatever it is, I still think caution should rule. I missed a couple of very good trades this morning. WSCI and WW. I followed them both with limit orders as they climbed from being down significantly at the open. As I write this WSCI is up 13%.

Oh well, there will be other opportunities.