Another Selloff day

5/21/08

It has been awhile since I posted the last blog. The major indexes were formed another bearish candlestick evening star pattern since this monday. With high inflation, high oil cost...and fed showed today they have done the rate cut and reduce total growth expectation GPD for this year.
It only means to me they are lack of weapons to avert the slow down of our economy. Maybe this is the end of the rally started from 3/17/08. we expect sideway action with bias on downside. Check it out Citigroup....banking and finanical were both lack of power to go higher with market. I am still bearish about US economy as well as the market. Do not be victim of this fake rally since I always said. The next phase downside maybe already started, we will see what happen on weekly basis.