![](http://img389.imageshack.us/img389/575/markets080709bd8.png)
QQQQ
The last market call was on 6/6/2008 reversal.
During the earning report month with the current market sentiment, it does not make sense
To reason with markets.
As of 7/9/2008 close, the short side is closed. With extreme negative sentiment and high short position, it is a waste time and effort to reason with markets.
Therefore, it is better not to waste of time until we have better market condition after earning report month.
SPX
7/9/2008, the short side is closed. Even though I was looking for RST reversal formation, it is a waste time and effort in this market condition. Last market call for SPX was on 5/22/2008 reversal call (ref # 8391).
With extreme negative sentiment and high short position, it is a waste time and effort to reason with markets. Therefore, it is better not to waste of time and effort until we have better market condition after earning report month.
![](http://img99.imageshack.us/img99/9862/spx080709gk5.png)
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