Setting up for a short-term (week or more) market rally. Yesterday's mid-day panic flushed out the weak hands, and today is time to buy for short-term profits over the next week as the sellers scramble to get back in (at higher prices, oops!). Fear levels have peaked and are now coming down in "relief." (Note: we don't endorse short-term trading).
Dr. Murtha on CNBC three times August 9th, 16th, and 17th, 2007. (subscription required).