omg dow futures in green, page-23

There could be a bounce coming, inevitable at some stage, but let's not forget it's still a bear market.

At the moment there is alot of short interest in global markets. If anything, a bounce will result in some short covering from the bears and some genuine buying from the bulls..... however as soon as that runs out of steam, the sellers will want out and the shorts are back again.

The bounce will result in selling opportunities and many will take advantage because this mess isn't over yet and bear markets don't end so quickly... especially when there is a major credit crisis in financial markets.

Will the FED help tonight.... or can they wait until they meet on the 18th March? If the US market (and the rest of the world) is so weak and sensitive that it can't wait until the FED meeting and only an emergency cut will avoid melt down then things are in bad shape!