Sunday, August 3, 2008

Markets

My bias says the minimum, is a counter trend rally. I do buy a "market Bottom" last month.

Retail- This has yet to break down, and this should signal our next leg down... and it loks like it's just tracking the indexes
Biotech - Look what has gone parabolic.... Unless someone cured cancer or Alzheimers or diabetes...... But my guess is there are just some new "Treatments" that are derivatives of "Viagra" or "Prozac".... Not too confidant... I'd like to see a bit more volume... but it is just a shitty ETF.

Materials
materials looks like it's breaking down. for it's leg lower.

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