SPDR S&P 500 (SPY)

[leftyg]

be...Renko charts signaling a positive trend change across a wide range of the market. I think the short-term bottom may be in for a number of weeks.

Maury Walker has been calling a strong summer rally for weeks now..as we have slid lower. His rationale was that fear-mongers were using the banks to drive down the prices for their shorts........and that banks in general were not in as bad shape as was being said. I think he got the general health of the banks right..now we'll see if he is also right about a surprisingly strong summer rally into October. I am just going to follow the trend..can't lose too much that way..you lose a little on the turn..but usually more than profit nicely on extended trends. good trading.