Sunday, July 5, 2009

Wk26: Market Recap

We saw no follow thru this week as a hammer was put in on week 26 of the S&P500 chart. Until the tail of week 26’s candle is broken to the downside we remain a sideways bias and believe that the bottom has been put in for the year. The summer slowdown is in full force and we should continue to see sideways trading.

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