Big couple of days...

So the Dow got just above where I thought it would go. Didn't think it would do it all in one day though. Starting right now, noon Eastern, and going through tomorrow, we will be deciding the short-term trend of the market. I suspect the trend will be back downward for some time, but there is a chance that this was a big correction, and the bull will reassert itself.

The reason I believe the bear will win is just because of the technical damage done to the major averages over the past weeks. In addition, the VIX has been going hay-freakin-wire and has shattered its downward trend. All the fear built by the past two weeks was taken out yesterday, and that is not good for the bulls.

I am not totally confident, but I am looking at a downward reassertion. It is now 12:27 EST and the Dow is down 13 points. Let's see what happens!

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