I would be selling, DOW is headed back to new fresh 52 week lows and should drop this time below 7000, I think 6500 is coming sometime in the 1st quarter of 2009.....
Bull isn't coming back for at least another 5 years.
Hey thanks for all the post and some great info! It's really nice have a resourced like this. I'm still bullish though and I like the intense buying that came into the ES last night and brought us above the high value area, it looks like all the sellers have finished they're selling spree.
I also like the DJIA index. I think double bottom formation should normally be at bottoms, but anyway it looks like a nice double bottom was hammered out yesterday by two hammers.