Whipsaw the Bears

[ZaNoob]

Yesterday the indexes broke the lower trendline on descending triangles and this morning things are looking very ugly. Bears are loaded up expecting a continuation. A reversal here will take out the bears. Most bulls are underwater so they won't be selling into the run up. A two week run up might be needed. First week everyone in disbelieve. Second week the bulls load up and then they are ready for the slaughter. Thoughts?

[Horsefish]

Feel very much the same way. I put 1/3 of my cash to work this morning. Will look for a rally next week. One big negative may be if very ugly news comes out with respect to Cittigroup over the weekend.