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The rally can’t seem to find traction

The market still looks bearish to me.   The market seems to try to rally to establish an uptrend; but, fails time and time again.   I could see a stagnation period or complete break down if the data supports it.  I have see or hope the the bearish trend continues.  The present condition looks like a mix of investors mostly just sitting by idle.  Not a lot of conviction in traders bearish  or bullish.  The quick correction in the begining of the year seems to be a middle ground rather than end to the direction.

February 11, 2008 - Posted by | Uncategorized

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