current mkt sentiments(6/20/08)

 From Put/Call (5 days average) which reached 1 and 1.33(daily), mkt may have a oversold bounce next week. 
 Compare to previous bottoms made in mid Jan and mid March, 2008, all vix/vxn, put/call(21day), naz sentiment, bullish-bearish ratio(-1.1, good for bull) are not at extremely bearish levels.
From  three major index weekly chart , rsi are still high though william R% reached -100% ( mkt may rebound).....
However, if any panic selling happens in next 1 or 2 weeks, a mid term bottom may reach soon. just wtach vix in the near future

current strong sectors:
fertilizer(agu cf pot mos tra mon  ipi saq isph).
coal: pcx jrcc anr mee btu fdg wlt cnx ico
steel: x stld clf zeus cmc ggb cenx rs nue..
solar/tech: ener csiq sol qcom
oil: pdo fpp royl chk hes wll clr nog ent tgc  mcx cwei gmxr...

many small/mid cap stocks got a big hit since Memory day, once mkt turned around, they may have a nice bounce