Todays bullish action on the markets comes as a result of the markets being severely oversold. Alan Greenspan's commentary just provided the bullish catalyst to cause the uptrend. Also, because we are in the Summer Doldrums, don't expect any move to last long. I think once we hit September or the fall the markets should start trending again. The Presidential elections will undoubtably cause a stir as well.
I currently have no opinion either way on short term market direction. I just think we are at a crossroad in the market that will last for some time.


