1/17/08
Dow & Nasdaq stock indexs are closed below 3/07 lows, S&P is closed below 10/06 low. Technically, near term bottom is in sight if VIX jump above 30's and closed below 30. Also, Dow & Nasdaq bullish precent indices are reaching the same level as last recession market bottom as of year 2002. Tomorrow maybe the day that DOW may trade deep down below 12000 and close all way up above positive. Then this is our recent market bottom. The longer picture is still not looking good even if stock make a bottom. Let's see if tomorrow is the turn-around day.
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