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It may not be the bottom -- but it's enough of a bottom to get back into the market, says Scott Redler.
The chief strategic officer at T3live.com divides the Dow into ranges; and makes trading moves according to which range has been reached.
And what's his outlook right now?
"Investors should be putting their money to work now," says Redler.
"Don't pull [all your cash] for your 5-year plan... Yesterday was a good indication that money is being put to work."
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New from CNBC.com:
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CNBC's Companies in the News:
- Bank of America [BAC
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(BoA Offering Half Sold; Pricing Today)
- AIG [AIG
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(AIG Early Warnings?)
- Morgan Stanley [MS
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(MS Gets Sweet Treatment from SEC)
- Alcoa [AA
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(Analyst: AA Will Disappoint)
- YUM! Brands [YUM
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(CNBC.com Earnings News)
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Disclosures:
Disclosure information was not available for Redler or his company.
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