Educational use only. Never intended as advice. Can be printed out and used for kindling.

Alrightee, then. The simplest way to view the market for now is, 'unlikely to make any gigantic move in either direction', absent some external event. Positive catalyst? Hard to imagine one, unless Jack Abramoff's pockets spring a leak. Negative catalyst? I suppose Alan Greenspan could confess that he's a crack addict, although with his fractured English, would English teachers be surprised?

Supposedly one of the great assets of Steve Cohen of SAC Capital is his ability to match strategies (the playbook) to the situation. According to Tom DeMark, Cohen is 'the best'. I'd love to have a chance to eat lunch with him, unless he's a vegan.

Oversold ETFs with adequate liquidity:

None

ETFs with NR7 pattern portending possible volatility expansion:

IWN 68.37-67.72

DeMarkish Tops

CFR 56.23-55.43 (note, the 'DeMark Sequential' pattern has a variety of possible entry points, and STILL requires stops. Tom DeMark discussed the potential of using options to control risk.

Cooper 'Lizards'

AMZN 49.90-49.06 (multiperiod high with reversal) Cooper always traded these 'animals' with 1 point stops

AGE 46.10-45.23
And then, of course, there's the SP500 itself. False breakout? We only learn these things in hindsight.







"Swensen" versus "The System" - Swensen continues to lead 100726 versus 100479, as the fully invested portfolio has fared well with market strength. "The System" is holding up okay, considering that it's 85% in cash.

Good trading and great risk management to all.