We will be looking for one of 3 things. We had a really really powerfull rally. I have said in previous posts that I expected the market to find a really nice 3-6 month rally in the eye of the storm. Although I didn't expect this to come until Q2 or Q3, it could be upon us already, and it would be dumb not to be open minded to it. Next week we will be looking for the market to have a major reversal day on great volume. This could happen either at our previous lows or by setting a higher low from the one previous. If the market makes a really week bounce off of the previous lows over the next week or two, then there is nothing to this rally. Our if we can't make new highs better than last week then forget it. Be ready though to buy some stocks if this thing is for real though, depression rallies have gone for as much as 50 percent or more.
Also, I think that real estate is an absolutely fantastic investment right now. It is a great play against the 800 pound inflation gorrilla sitting in Obama and Bernanke's offices right now.
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