DOW loses 200pts in afternoon trading

The DOW sold off 200pts in afternoon trading yesterday. This sell-off is healthy and is necessary for any sustained rally. 

I have added some long positions this morning on the dip. 

Most hedge funds are still very poorly positioned for this rally. And if the bears are unable to push the markets down any more in a significant way (additional 200pt+ down days for the DOW). Look for more short covering and rapid change of sentiment from the investment community.

Asian markets also closed strong today. Japan was up nicely and my 7&i holdings made some nice gains.

Hong Kong also did very well with no major sell-off. Basically a flat day to take a breather after the recent run up.