earning season upon us

The volatility rise when the earning season comes, especially at the beginning, especially when the expectation are high and today we got the first taste of it. Also, there are enough profits are made lately, it is easy for people to pull the trigger and take the profit, that\'s why the downward move is magnified and exaggerated.

The late buying before the end of the bell is a little comforting however feeble it was, at least, it showed there are still peoples hoping..

The bottom line is that if the earning holds, then, today\'s sell off is just a blip, if the earning is bad especially the forcast is bad, like what the citicorp today, or as Fed chairman indicated (which might be a good thing since he may lower the interest again). then, all bets off, you can forget about your chart, your resaoning altogether.

Tomorrow is what is dubbed super tuesday, we will have intc, yahoo, IBM annoce after the close, hopefully, they will show some glimps of the hope.

Nevertheless, we have to prepare for the both directions of the market.. if the tech earning is not as good as presummed, our short chance should be enhenced...