The only good thing that can be said about today is we are very glad it's over. It was not easy to see weeks worth of hard work evaporate in a single trading day, but we truly do find an ironic sense of comfort knowing that it isn't the first and wont be the last time we go through a nasty sell off.

We took our fair share of hits today, and while it wasn't easy we did manage to nibble at a few of our core holdings. They were being taken behind the wood shed today after being loved by all only days before.

The Qs managed to hold the 200 day moving average and while it may not come first thing tomorrow morning, we would expect some sort of relief bounce however we must tread very carefully as any bounces after a day like today will most definitely be sold on the first go. In order for a bottom to set in, were going to have to go through some head fakes in order to shake out any remaining holders and really bring out the bears.

While we realize it didn't help the P&L we hope our continued words were at least slightly comforting today. It is never easy to go through a period like this, and the last thing we want is for you to believe you are swimming alone.

Shut off the computer, turn off the TV and engage in something this evening that will take your mind off the market. Retire slightly earlier tonight, rest up, and well see you back here in the trenches tomorrow. Keep in mind that bad times eventually lead to great opportunities. The key is to persevere and not let some bad action discourage you.

Have a good evening.

RevShark