回复：我觉得这一波NAZ往下还有60点的空间。

As for the FOMC minutes, the committee noted that growth in the latter half of 2005 would be strong; but staff forecasts lower 2006 growth. I have noted in my previous posts that I expected a sharp deceleration into year-end, with an outside possibility for a recession in 2006. It would appear the Fed staffers are finally taking energy and a slowdown in the housing sector into account. We agree with this, and from this point forward, we want to be a seller of rallies. Timing will be important. Currently the major indices are modestly oversold and in dire need of a countertrend higher that will obtain technical neutrality and that we can become willing sellers into.