I don't want to scare too many people, just don't get too excited by the powerfull bounce we are seeing this morning.
Yes the markets were oversold and due for a bounce, but given the horrible forward guidance given by Apple after the close of the US markets this morning, expect another down day in the US tonight.
Also don't be surprised to see a lot of selling in the afternoon as people start to sell into the rally.
I can't believe how some of the spec companies have just bounced back so strongly, I guess some traders have no fear.
Just be careful people as it could turn ugly again very quickly.