Stock Market Review 8/14/2011

Evening folks! crazy week in the markets last week as the indexes ended up down a bit less then 2% on the s&p.  But only after a monster squeeze on thursday and friday.  We are still not out of the woods as we are still down almost 10% in the last few weeks and are now under all major moving averages.  Right now the market is oversold and bouncing we will know soon if the bounce is the bottom or if its just an oversold/short covering/relief bounce.