Market found some support even though we had many bad news two days in a row. This is rather bullish.
AAII bullish sentiment is low at 25%. Usually indicates near term bottom in the market. However, we need some good news for market to rally. For now, it is still in a short term downtrend. Lots of uncertainties.
But investors should start to buy some positions in heavily sold sector especially energy sector. 
Market found some support
越王剑 (2011-05-26 14:13:18) 评论 (3)Market found some support even though we had many bad news two days in a row. This is rather bullish.
AAII bullish sentiment is low at 25%. Usually indicates near term bottom in the market. However, we need some good news for market to rally. For now, it is still in a short term downtrend. Lots of uncertainties.
But investors should start to buy some positions in heavily sold sector especially energy sector.