Midday Comments

We have now went through the single tics that I pointed out earlier.  The charts are looking more bearish and selling volume has picked up.  They now look like they want to test the monthly low at 916.50.  The flipside is that the 200 day m.a. in cash(923.27) is still holding, so until that is broken I am cautious on being short down here.  I am doing nothing now until the close.  If the 200 day is still holding going into the close I will turn into a buyer again.