Market Outlook: Retest of the lows but don't panic as we will rebound strongly

That's correct, we will be retesting the lows on the Dow and S&P 500. We can go as low as 7,300 and retest the previous low but we will hold. This is the final shakeout before we surge strongly back up. Do not panic or get too scared by throwing in the towel as that is what the manipulators want because we are about ready to approve and sign into law the Stimulus package. It will stimulate and work over the next 6 months to a year. The best we can all do is try to return our lives to normalcy.

I still own all my TNA shares and on this last leg down I will be adding more shares. I also still like AAPL especially in light of the lower expectations by Research in Motion, symbol RIMM. It is possible that Apple's iPhone is gaining more market share here. I have visited my local Apple Store and it is still mobbed most of the time. People are buying product and services.

So keep the faith and look at this as a good opportunity to rebuild your future as I am.

UPDATE 8:00pm PST.

Well the market went very low today but recovered above the critical 822 on the S&P 500. But a news story tonight validated my earlier hypothesis about Apple and Research in Motion. Here's what I read this evening:

iPhone now represents 51% of U.S. smartphone traffic — report


This comes from one Web metric among many, so take it with a grain of salt.

But according to AdMob, one of the largest mobile Web ad networks, Apple’s (AAPL) handsets now dominate mobile Web traffic in almost every category.

According to AdMob’s analysis of the billions of ad requests it saw in January:

The iPhone OS now represents 51% of U.S. smartphone traffic, leaving RIM’s (RIMM) BlackBerry (19%) and Microsoft’s (MSFT) Windows Mobile (14%) in the dust.
In the global handset market, the iPhone and iPod touch now represent 18.3% of worldwide ad traffic — second only to Nokia (NOK) with 30.1%
Worldwide requests from Apple devices grew 28% month over month to 1.2 billion in January.
The iPod touch is rapidly catching up to the iPhone; it now represents 40% of Apple requests, up from 20% in September.
AdMob stores and analyzes every ad request, impression and click from more than 6,000 publishers’ sites in over 160 countries every day, according to its website.