Friday, October 29, 2010


We've been trading from 1168 to 1186 for most of the past 2 weeks, aside from a couple of false break outs.   I don't know if it is churning or basing for a move higher.  It feels like we should selloff next week but its not going to be as easy as I first expected.  I will still be leaning more towards the short side next week, but it would be nice to short a market that is rallying into next week.

Expecting weakness in the 2nd half of the day today as funds lock up their profits.

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