Strong reversal as expect

7/29/08

Major indexes are turning back up strong as expected despite people saying because crude oil future is down and better confidence economic number. Those are the excuse that most people do not know how the market real movement. Now the problem come in. Market has tradable bottom. What would this rally bring up to? I need to see follow thought upward bias seesaw action as well as financial keeping the strength to gradually recover. The next S&P strong resistance is around 1291-1295. So far, this rally may not be as strong as the run from 3/08-5/08. MER has been doing the same dump method as "Enron" did. Well, in fact, Citi is doing the same too of last time raising the capital. How disappointed that MER keep telling lie to investors that no need to raise capital. They will all keep doing the same again and again until they are trading in signal digits ( none of investors would have confidence to own financial shares). Friday would decide if there any legs up since the payroll data is the most important economic data that market focus on.