I mis-timed the short term bottom and jumped in too early last Thursday. But among the 8 stocks I bought (SGR,TKC,KBR,LIFC,VDSI,CAJ,CREE,FSTR), SGR, TKC,VDSI,KBR did really well today. As a group, they are making money for me now.

I expect the recovery to continue. The process may last a couple more days. But I think SP500 may run into resistance around the 1510 - 1520 level. If it does stop there, I will raise some money by selling the weak performers in my portfolio.

The market is in correction and we should treat it like a real correction.