Brrrrrrrrrrrr....it's chilly

Chilly outside and chilly in the markets right here. Hard to figure how current action is fitting into the tide picture, unless we get a huge move up on monday to make the trend correct, but then we have to follow that with another swoop for the downtrend ahead of us. Dont really see that happening. So instead, it's looking more like an inversion again in this trend, then we see.

Many are thinking last fridays reversal market a low....I'm not convinced yet. Lets see what sunday night futures have in store first.

Don't Like It

No I dont like the way the markets acting in here. It just looks sluggish and spent to me. So, unless things change, I plan to take a third off the long side table this friday as a precaution. I can always get back in if I see strength. But I also have other indications that we might be rolling over in front of something more substantial on the downside. Though some targets of mine havent been hit yet, there's no guarantee they will and this run since last March has been very to good to us. So why get piggish in here? Of course I might see things entirely different tomorrow......its my perogative.