By Sell Puts
LOoks to me like the market's are still waiting for something to trigger a mass sentiment change. THere has been lots of indecision exhibited in the past week. I'm looking for a pullback below the first support around 7800 this week. Not sure what day, today's trading will tell the story. We will probably get a nice gapper at the open followed by a bounce then close @ lows. Of course all this is hinged on the days news and how CNBC and the media spin the story. Maybe the quants will take over and not let retail and greed chasers keep buying up the unhealthy market.
Drumbeat: June 2, 2012
4 hours ago
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