A high market, yes, but Monday was a valid pattern

 The correction off the Nasdaq top had taken 10 days to reach -5.5% [a Nasdaq
Count of 10/-110(-5.5%)], as of Nov. 21, Friday.  Magnitude it lacked a mite. 
But length - two trading weeks, was significant. 

Monday, the 24th, the Nasdaq surged +50 - strong bullish sentiment all day long
and a valid entry pattern (even earlier in the day, considering the Nasdaq
Count).  In with high-beta techs by day's end, with loose stops set.

So, we'll see.  The Nas has been only -15 since then from the day-end entry
point, and is now +15.  So high in this 8-month bull, there are a lot of fakes,
like the Nas -30 on Wednesday.  But, such good surges off bottom, such as
Monday, are usually meaningful.  Even if there's nothing to ride up this time,
we were out of the last correction, and will never ride and serious decline
down in this style of trading.

There is an ongoing discussion of this type of market play at the New Breed
site,   http://members.aol.com/davetrends, and also at the Yahoo group site. 
Read a few installments, no cost, then give us any relevant experience you may
have.
You're invited.