SPDR S&P 500 (SPY)

[2bit-nothing]

Just my 2bits...

Judging from the short sellers Put buying sentiment which will probably peak in a day or two and the market will be pulled down a bit early next week. However, the dip buyers have not budged and it appears that from counting the number of up/down days there will be another 8-10 days of moderate rise to the end of the month for about 10 OEX points to 500ish before a sizable pullback. This of course depends on how severe a damage the Put buyers can do to the market next week. Having said that I am on guard to being a buyer or a seller. At this juncture, the probability favours the long side.

good luck all

2bit