after 3 months strong rebounce, many stocks went up a few times. from rising
put/call ratio, weak commodity stocks(bad er in steel , fertilizer and weak
performance in oil sector), and weekly k/d turndown of all three index,
mkt may make 2nd bottom between August and oct. many small caps with weak
fa may try March's bottom(from W patten)
![](http://bigcharts.marketwatch.com/charts/big.chart?symb=sp500&compidx=aaaaa%3A0&ma=6&maval=10&uf=0&lf=268435456&lf2=2&lf3=32&type=4&size=3&state=11&sid=3377&style=320&time=8&freq=1&nosettings=1&rand=5391&mocktick=1&rand=4249)
![](http://bigcharts.marketwatch.com/charts/big.chart?symb=djia&compidx=aaaaa%3A0&ma=6&maval=10&uf=0&lf=268435456&lf2=2&lf3=32&type=4&size=3&state=11&sid=1643&style=320&time=8&freq=1&nosettings=1&rand=4993&mocktick=1&rand=4694)
![](http://www.market-harmonics.com/images/tech/sentiment/equity.gif)
![](http://www.market-harmonics.com/images/tech/sentiment/nulong.gif)