Which Way?

The Friday rally made the week easier to swallow for the bulls. The extremely light trade made a bottom tenuous, so the bear will be eager to sell any decent re-tracements. The great minds on wall street are looking for another rally to help salvage the mountain of bad trades created while trying to return alpha. The bears still have to close the market at lower levels and 08 bulls will be there to ease any fall. The interest rate markets are expecting lower rates again at the Fed's next meeting but stock markets will have to be making significant new lows for that to happen.