sentiment and an important econ report due at 10:00

there are many sentiment indicators. the $9 trillion is one of my favorites. it's not my idea to use that as a sentiment guage, but it made a lot of sense once i heard of it in that regard.

to those who say: "well, it hasn't turned the market!"

i say: "right! and it hasn't moved yet, either!"

another mmf sentiment indicator is the rydex. anyone see that as showing capitulation over the last few sessions?

this morning's ISM report is being widely watched in light of better news out of china overnight and better news out of germany last week. at this bloomberg link you will see the consensus and a chart. note the first line of the comment about "welcome" improvement.

http://www.bloomberg...ndar/index.html

something like this report could suddenly turn the herd to the north, imho.


(i am on a much-deserved moderation and don't know when this will post.)

Hi nails it ! Congratulations. I'm trading with that options herd from now on.