Looking at the chart, we are having a technical downward move.
Look at 2009,2010 May to Jul period, you will see that it is a downward move before a uptrend for most indices.
One very interesting thing to note, the USD index
and the Euro index
You see a head and shoulder forming in Euro, which mean there may be more downside.
For USD, there may be a up move in future. There are forming higher low.
These is inline with what i said on many posting before, the market is going back to normal. USD up, stock market up. This is the desire condition for a real growing economy.
Right now we are having a transition, and transition is never smooth sailing.
