no uptrend confirmed yet...just a bounce. CVI without news tracks the DOW. The DOW bounces CVI bounces...same old same old. We either need the DOW to confirm an uptrend or CVI to release a truly meaningful ann.....preferably both.
the offshore are now looming large so hopefully within days we will hear what we wanna hear. As for the DOW...last week Standard and Poors tells us all the bulk write downs are nearly all out and this week Goldman Sach tells us that losses are only 1/4 out. If those big boys can't work out between them what the story is then good luck to the rest of us trying to identify the bottom of the market.
no uptrend confirmed yet...just a bounce. CVI without news...
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