July 23, 2009

07/23/2009

12:21pm

as i said in a previous post, when market makes new high, I changed midterm view to bullish.  i have no crystal ball whether the rally top is 1000, 1050 or 1100, but this is definitely not the start of the bull market.  long term picture is still very bearish and we have lots of downside to go.   time will tell…

 

12:13pm

the market keeps the strength.  though i did not profit from this rally, i am glad I did not get caught into it…  no short entry sigh yet, bears need more patience.

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