MDA - Market Direction Analysis

[augieboo]

My current market view:

I'm very cautious in the shortest term, i.e., I took my very nice Profunds profit today and ran with it. (No sense giving half of it back if we retrace tomorrow.)

I'm positive in the slightly-longer-short-term, i.e., I think this thing has at least SOME more up to it.

But I'm on the fence about the period beyond OPEX week.

-- On the one hand this is OPEX time.

-- On the other hand, today's chart is starting to look an awful lot like October.

I'm going to have to put my thinking cap on and pull it down snug around my ears tonight and over the weekend.

(: