Thrift Savings Plan

[coolhand]

Last time, I said that while the FL/FS was Bullish and allowed for a push higher for a bit, the polls and surveys had a lot of Bulls and I was not seeing a completed corrective pattern. Given that they like to trade the market down for Thanksgiving, I was looking lower, despite some indicators looking more Bullish. We got some weakness but came back, but this morning we're down hard in GLOBEX. The FL/FS Buy may mark a low today and a bounce, but the real story is the options. The "Smart Money" traders in the OEX and SPX were really Buying puts, while the NDX speculators had the $-weighted P/C about as low as it can go. If I didn't know better, I'd think that somebody big was tipped off that N. Korea was going to start lobbing shells. In any case, we've had plenty of warning of lower prices and the trend is still down. I'm OK with looking for a bounce, but the serious money needs to remain safe. We have nothing that suggests that this decline is over.