Dow rallies 500 points on Treasury's plan to deal with toxic assets. The market has moved up significantly over the last 10 days and there has been broad participation in the rally. We have also broken above some significant resistance levels. The danger for new trades is the fact that we are in a kind of "no man's land". We are overbought in the market and could start a decent correction any day now, but we could also rally another 200 to 300 points before getting that correction. This is not a good spot for new bullish or bearish trades. The play here is to be patient and wait for a better entry point for any new trades. Existing trades should have tight trailing stops or you should lock in some profits by selling some contracts.
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