ETF SWING & DAY TRADING

[Vestor_2000]

Subject: $NASI & $BPCOMPQ charts

Tough call, Ken. I've been 88 percent cash since August 10. I use the bullish percent charts on a weekly basis with the histograms. Week-over-week, the $BPSPX is down slightly and the $BPCOMPQ is up slightly. This still looks like late January, when we got a bump in the market and soon headed down sharply. As an intermediate term trader (though I have been following your model for some individual trades) in my 401(k)s and the like, I really dislike periods like this, which are very frustrating. Given seasonality and what has happened in NO, you would think the markets would go down. Then, there are those that argue about the PPT -- the Plunge Protection Team. Is there something to this? Well, all I can say is that M3 continues to increase pretty notably in recent weeks. On the other hand, the daily MACD is starting to turn up, which is hard to ignore. Futures are climbing as I write. All of this said, I'll see how things play out today before making my next move. I'd really rather wait until after the October period for my next major trade, but we will see. Good trades to you.

Rich