Patience During Advance May Pay Off By Dick Arms About this article: After the huge advance on Monday, Tuesday's hesitation should come as no surprise. After the extreme bearishness of the prior week, it is surprising it has not given back more. In my column a week ago, I said that it was about time to ignore the rampant fear and go in the direction of the fleeing masses. The rally on Monday seems to justify that viewpoint. What we have seen has all the earmarks of a traditional selling climax. We had the heaviest volume in history on the Nasdaq, and the third heaviest on the NYSE. We had immense volatility, and a dizzying plunge, followed by an equally staggering advance. We had very oversold readings on the Arms Index, especially on the Nasdaq AI. It was the anticipated "blood in the streets" that usually ends a bear market. Does that mean all is rosy now? Hardly. Turning points... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200. More Stories From RealMoney Durable Goods Up Move Down the Tech Food Chain Jobless Claims Still High Bulls' Tenacity Is the Big Question Mark Should You Buy It? Pharmaceutical Product Development Bad News Trumps All Support for Banks Holds, For Now Bummer, Yields Are on the Rise Money on the Line Makes a Big Difference Structured Products: Unsafe at Any Price MORE STORIES FROM REALMONEY

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