Monday, August 18, 2008

Indexes Will Tip Their Hand

Starting new week with little market energy as mid of August has turned into the quietest action since the beginning of the year. Bulls will try to extend gains again this week but are starting to run into some doubters as to the legs of the current rally. Commodity prices and their correction have had little to do with this rally despite what the market morons think. Stock indexes will tip their hand when next week they create a range which will be the bull/bear dividing line for the rest of the year.