I have a very heavy supply here in the Naz at $1347, barely $27 points up. I also notice that the Dow leaders, MMM, PG, MSFT and JNJ are running into some problems of their own. I'll give these four till early next week to break their respective overhead supplies, but if they don't, I fear that November will no follow the original plan, and actually may be a weak month. We'll see in the next few days. My cash position at 44% indicate that I am still bullish, but I could easily go to the 55% plus by tomorrow afternoon. In other words, I don't like the NYSE tic hitting 1300 plus after a run of 1300 Dow points.
Zeev
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