Market Sense and Sentiment

[RCKS]

Thanks for your update Bernard.
I almost bailed today on some Puts but left them in place.
I don't have any clear signals but my view is distribution is taking place at these levels and any rise will be sold into.

I don't believe we get any serious downside until we get through end of month buying where we almost always get some bullishness.

I don't have any bigger recession forecasts ahead but I think we do have a bigger then expected decline near term. It will surprise some folks. Those lows will be a buy into year end as they almost always are.

From early Dec. on no clue.

Good trading Bernard

steve