CHESSNOID

These are crazy times for the market. Over 11% made in one day on all 3 indexes that I watch. Right now the stock futures for tomorrow are pointing up towards the open.

	Dow	+144.00	+1.51%	9,652.00
	NASDAQ	+20.00	+1.37%	1,478.50
	S&P	+19.00	+1.87%	1,035.70

I know I am a party pooper, but with such a big gain there will naturally be some major profit taking tomorrow. I don’t know if it will be strong enough to turn the momentum around completely, but I do expect it to get crazier each day we near the options expiration this Friday. Some people are calling this the bottom of the market. I definitely don’t agree with those sentiments.

I personally believe this is a bear market trap or a sucker’s rally. Of course, no one knows for sure, but I take comfort in playing defensively with my capital in these volatile times. I folded my cards back in 2007 and I am still waiting for a new deck I feel comfortable playing in.