Tuesday, February 27, 2007

the question after the big down day

The restless "pigs" in the Chinese stock market rudely woke up the bears all around the world, who unleashed the long-depressed frustration and anger on tired and arrogant bulls, and the blood flooded the Street by the closing bell. Just like that, weeks of gains were wiped out. The surging volume and sharp decline will further pressure the market, the question is, if this is truly the reversal point of the multi-month uptrend, or do bulls still have the strength and pride to set-up yet another bear-trap?

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