| USA | Longterm | Midterm | Shorterm |
| S&P500 | Down | Neutral (+) | Neutral |
| DJI | Down | Neutral (+) | Neutral |
| Nasdaq Comp | Down | Neutral (+) | Up (+) |
| Russell 2000 | Down | Down | Neutral |
| AMEX Airline | Down | Down | Neutral (+) |
| AMEX Biotech | Down | Neutral (+) | Neutral |
| AMEX Natural Gas | Down | Neutral (+) | Up (+) |
| AMEX Oil | Down | Down | Neutral |
| AMEX Security Broker | Down | Neutral (+) | Up (+) |
| KBW Bank | Down | Neutral (+) | Neutral |
| KBW Insurance | Down | Neutral (+) | Neutral |
| PHLX Housing | Down | Neutral (+) | Up (+) |
| PHLX Semiconductor | Down | Neutral | Up |
| S&P Retail | Down | Neutral | Up |
Saturday, March 28, 2009
Bear Market Rally
Currently, I consider this rally as a bear market rally because the weekly chart is not yet bullish.
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