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To: sandeep who wrote (8348)	11/10/2005 11:41:23 AM
From: wmwmw	Respond to of 12411

I assume it repeats April bottom, and if you check market action after April 18, it went similarly except it has been much stronger this time. Today represents 5/12, which was also a down day. How will market go from here? Check how market goes from 5/13 to early June. Market stayed at same level 7-8 days after May Fed meeting, and it did the same thing this time(not exact same, it rose some instead). On reflecting this situation, I conclude that market needs 7-8 days to digest early profit, and complete sentiment change process. This is the path market needs to go before a big rally.