People are watching corporate results and war events .. his could go either way.
Short term, OPEC meets to reinstate quotes .. if this reduces supply and oil goes $30 again, alarm bells will probably start ringing ... "Hey George, didn't we go to war to reduce oil prices?" .. and dow(n) we go.
Americans having problems admistrating IRAQ at the moment, hope they get their act together otherwise another negative and Dow(n) we go.
Sentiment seems to be of relief though and with the passover holidays, maybe a rally? .. notice i said passover and not easter :)
Signals both positive and negative. confusing.
As I've said before, 8500 is my bullish level.
has the bear market ended ?, page-12
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