While the volatility lately has been un-nerving there is a bright side.  I think we might have found a bottom.  it may not be THE bottom but I think it’s definitely A bottom.  We’ve finally found a level where the bulls were willing to step in and buy in a huge way.  When we got to around 8000 in the DOW we saw the market rebound violently.  This is good news;  It’s finally a battle.  I don’t know what it is or why it’s at that level but there’s no denying that at 8000 there are buyers.  Keep that in mind.

I haven’t done much in the past few weeks other then a few small trades to try and make a couple bucks.  My style of trading doesn’t work well in this volatile environment so I just stand aside and wait it out.  Once the volatility subsides I will begin to step back in and make more trades.  Right now we’re in a bit of a trading range here but unfortunately it’s nearly a 20% range on the major indices.  Definitely not an environment in which stop losses are effective.