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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: andiron who wrote (67829)8/20/2007 3:40:34 PM
From: ballsschweaty   of 116555
 
perhaps. I see a right shoulder forming for a couple of weeks before a nasty drop into Sept./Oct.

I think some of the extreme oversold readings need to get worked off before a further drop can take place. It could be lateral but I think the it needs to be more of a short squeeze combined with a weaker dollar, higher t-bill rates, and a general feeling by the masses that the worst is over.
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