Today... we wait.

Housing sales hit ten year low today? Everyone is saying the market is still weak. A cabot letter got me thinking. They say that they look at high volume trading with a price jump as an indicator that the institutions, that (arguably) control the market, are buying back in. I don't mean to sound like a retard, but how exactly does one do this? Create a watch list, and on your preferred financial website there is a place to watch the volume? So as far as an indicator of when to come buy back in, we have a) Andrew says the next time there is "really bad news" (would the economic reports on the housing market count?), and b) when we see a rise in price of the stocks on our watch list in congruence with an increase in trading volume? So I think we know when to get back in, but who should we be watching? Financials still? Banks? Insurance? How about adult education like ITT and strayer and all those. They seem to be back on the rise, and should benefit from the restoration of the credit market (student loans). Value Line was hot and heavy on them at the beginning of the year, but of course they were hurt by all of this economic turmoil. Any opinions about this sector?