Quote from tommymoose:
Dont sleep on a 50% retrace from 2003 lows... a bounce was a guarantee. Whether it becomes "the bottom" remains to be seen but it certainly has potential.
gov't bailout just happened to coincide nicely... they plan these things, dont you know? Did you see the "FED wants GS and JPM to loan AIG money" headline that hit during the same time we were testing the AM lows yesterday? They were trying to create a double bottom. Anticipate the fundamentals to coincide with the technicals.