7/22/08
Technically, after a doji star and major market still perform in positive note with all bad earning expectation from AXP,AAPL,TXN,SNDK,WB,...etc. I said the date 7/15/08 was the confirmed mid-term bottom. It would be nice to wait market pull back and buy on the dip. Major indexes are going due for a pull back as market is in overbought condition in short term basis. Today market volume is more than the average compared with last few days. And market got bounce from very bad news that it shows the sentiment is changing. Bulls is alive and Bears are gradually disappear for awhile. I will posting more charts if I have time to give more clear picture. The next support for crude oil future is $122 area. Let see if market is still going up more to the resistance area 11750 for the DOW tomorrow.
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