What's next?!

10/5/08

Are we bottomed yet?! Technically, the stock markets are in very oversold and the market breadth is very very close to extreme bottom. Just keep watch the price reaction. It surely will rebound very soon. Beside to describe it from technical point of view, market may keep going down more. Why?! The big players are watching the credit market, they need to see if the condition has improved. Therefore, it may takes two to three days to confirm if there has any improvement. Well, will market crash from here?! Let see! Fasten your seatbelt. Really, I cannot precisely pinpoint if the bottom is in sight as lots of traders in Wall Street. But I surely know the market will sure have very nice bounce and will keep going down again afterward.