HD Home Depot?

A volatile day for HD Home Depot (3-month-chart). The stock opens lower on earnings, and then rallies, closing with a big gain for the day. Is it possible that the bottom is in for housing related stocks? I've written it many times, that picking bottoms is a dangerous and not so rewarding pasttime. Reaction to news can be a useful indicator. When seemingly bad news comes out and the stock still moves up, a lot of people have already sold, and not that many are likely to sell in the near future.