Market Timing- Whats NEXT !! - RALLY DELAYED

SENT out THIS MORNING

NOW we are adjusting our thinking that any counter trend rally is only a BRIEF respite from a BEAR TREND heading for a VERY IMPORTANT and deeper low that the current one at SPX 1336 yesterday

The next question becomes- HOW to play the swings?

as noted above, we can expect a lower BIAS today and we see on the EKG above (and not shown here) & the POWER DATA indicate weakness thru FRIDAY at noon to 1pm before mounting enuf strength to get a sustained rally into Monday's open.

SO, how does ONE play this kind of market-- one word-- CAREFULLY as the next few days can eatup lots of cash with intraday swings such as yesterday continuing to repeat the pattern.

IF you get short today and want to HOLD thru the 18/19th, then be prepared to watch the vlaue of that short deteriorate some when it goes agains the down trend.

  According to the EKG, IF I buy a short at or before 11am, then it would seem prudent to close out at 2:30 on 258bars, IF there is enuf of a gain- but if not, it might still be the best thing to do, as TIME erodes
put values severely, especially when the mkt trades higher.

 STAY TUNED FOR FURTHER UPDATES
Jay