Sector Exchange: Crazy Week

Published: February 25, 2008 | 8:51 PM

Uncertainty is in play as evidenced by the consolidation patterns on most of the sectors and major indexes. Volume has declined relative to the average volume levels confirming further the uncertainty facing investors’ short term. Technically speaking something has to break here before we get any clear indication of the next leg in this market. Our view is a retest of the January lows and then a decision will firm up from there.