From Put/Call (5 days average) which reached 1 and 1.33(daily), mkt may have a oversold bounce next week. Compare to previous bottoms made in mid Jan and mid March, 2008, all vix/vxn, put/call(21day), naz sentiment, bullish-bearish ratio(-1.1, good for bull) are not at extremely bearish levels. From three major index weekly chart , rsi are still high though william R% reached -100% ( mkt may rebound)..... However, if any panic selling happens in next 1 or 2 weeks, a mid term bottom may reach soon. just wtach vix in the near future current strong sectors: fertilizer(agu cf pot mos tra mon ipi saq isph). coal: pcx jrcc anr mee btu fdg wlt cnx ico steel: x stld clf zeus cmc ggb cenx rs nue.. solar/tech: ener csiq sol qcom oil: pdo fpp royl chk hes wll clr nog ent tgc mcx cwei gmxr... many small/mid cap stocks got a big hit since Memory day, once mkt turned around, they may have a nice bounce |