Too Bearish, Too Soon

As of this writing, the market has done quite a bit of work off its early morning lows.  The Nasdaq Composite is leading the way as virtually every negative thing that could possibly be said has already been said and the mood was just a bit too black today.

It is at times like these that it can pay to fade the extreme sentiment and that’s exactly what some of the more nimble traders are doing.

I’ve been swamped all day given the action we’re seeing so bear with me.  More later…