Indices staged a major rebound from support, Down only .26% to .90%..NICE !!!!

US market were bracing for a major breakdown, but support @ 1140 stood firm when buyers came.

Internals of the market were as follows :

Down volume led by 3.92 to 1 in NYSE & 1.85 to 1 in Nasdaq

Declining stocks led by 2.71 to 1 in NYSE & 1.96 to 1 in Nasdaq

New 52 wk lows were in the lead, 199 in NYSE & 231 in Nasdaq

Nasdaq recovery was extremely impressive...

Ironically, from Jimmy the Cramer to John Roque & many technicians are sour on this market for a while. John has 950 as target in S&P 500 ......this is extremely rare that pundits & technicians are bracing for a major fall ?....The question IS..... will market accommodate negativity....major rally in the past has started  when majority were bearish?...CAN it happen AGAIN ?...stay tuned !!!!

In my portfolio :

Added 30% APKT @ $45.32

AH News :

YHOO UP 5.96% in heavy volume of 18+ million shares on CEO's ouster....

AH Oil UP

AH Gold UP

AH Asian Markets UP

AH Futures UP

BLOG does NOT give buy or sell.

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