Monday, June 30, 2008

This week

Well folks what will this week bring. I DON'T KNOW. As of now we are extremely oversold but that doesn't mean we can't continue the selling here. What I saw friday was some strength in the russell and nasdaq which puts me in a neutral stand for today and tomorrow. Now what I would love to see is a early push down and then some buying and MAYBE we can head a bit higher from here. Nope I am not turning bullish, far from it but we are extremely oversold here and the best scenario would be for a bounce then a flush again to lower lows.

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