Monday, August 4, 2008

Caution of retest year lows


8/4/08

Energy sector add more pressure on market beside Financial. For the last few months, only sector is relatively strong is Energy which now also in BEAR LAND. Now, I do not see any sectors bullish and help the market rally. So, the 7/15/08 lows of major indexes are going to revisit soon. In fact, the intermediate bottom call may be ended today if S&P close below 1250 mark.

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