Is there a possible short term market bottom forming? Perhaps the McClellan indicator may have some answers.

Up 3.3%
Well to my amazement the funds cleared 1 day earlier than they were scheduled to, so I couldn't resist I had to trade CARPE DIEM :) $REAL MONEY$
So it was about 1:30 PM the Dow was near the lows of the session and down about 130-150 points. So I decided to sell................. see the rest @
http://www.tradingcraze.blogspot.com/

http://www.tradingcraze.blogspot.com/

General Electric (GE) reported earnings this morning, missing analysts estimates by 7 cents (44 v. 51 estimate). While an estimate miss is never great, lowering yearly estimates can be a sign of slower times. In this case, with GE being the 4th largest, multi-faceted company, any reduction in estimates can be described as a general weakening of the economy.