Market bottom ??

well, market seems to be bottom after an ugly hammer look formed on Tues, which quite similar to Jan Low. most investors start to load, VIX and Bond price is down, China giving positive comments on EUR... everything seems to be positive now.

But the DOW still under 200DSMA, as well as S&P500, which slightly up the 1100 resistence level by 3 points. I hope this is not another Bull trap , if it is, it will form a lower low, it may head back to 9800 region for Dow, if it really happen, it will be double bottom form.. then i will said time to load.


By pbkian at 2010-05-27

YTD, the XLY and XLI still leading the market while S&P500 legging 1.04%.


By pbkian at 2010-05-27