Getting close…

Berk awake…

Well we are now pushing up after some sideways consolidation.  Could be the final thrust in minute wave II or it might just be minuette wave three’s fifth wave.  We’ll have to see where the coming decline leads, but we should be expecting a decline…

$NDX Sniped again?

$INDU showing the same thing…

$INDU ready to reverse...

Volume is light  again today, and some stocks are looking pretty ripe.  The Zero Lite had a little spike in the morning, but is at zero right now (has been ever since).  Standard Zero is flat too, another indication of a zero participation rally.  I suggest you guys check out some stocks up nicely on low volume (again).

FWLT, BIDU, ICE, X, ATI, AET, LSTR, and LMT all look pretty good for a start…

Not saying we will get a repeat performance, as STO could continue to rise to a move overbought condition, but some pretty steep reversals have spurred from where the daily STO is right now…

Potential...

Looks like the sniper is back with some extra ammo…

Nice...

We just hit a pretty big reversal there…  $VIX picking up, /6E taking a hit, and /DX getting a nice little bid.  Let’s see what we do from this bounce here…

Volume update.  After the peak, 3 out of 4 days when we had an early morning rally, followed by a steep turn down in the $UVOL-$DVOL, we have ended the day down (reasonably {since I can hear some of you saying we are down right now…}).  The one day that was a failure was the bottom of the minute wave I, and that day ended up a couple of points.  Looks like we have completed our first 5 waves down, let’s see what this rally does.

Interesting....

Update on the MTN trade I suggested yesterday.  Let’s see how it pans out from here…

I'd be looking for at least a 7% drop from here.