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[viccarter]

It's all we can do right now. MAC crossover on 60 min was about 11:00am CST last Fri, still above 0. Means only long or flat. That's all I have. I think maybe the weekly on the RUT wants to take over. I think maybe we will see insanity or something very irrational before this is over. I think that NAV said it best some weeks ago, this market will convert everyone bullish before it's done. To be quite honest, I am quite scared of this monthly tight channel on the RUT. I think we have a chance to see something crazy. I might just lay off swing index trading RUT until about Feb 2014. This is not because I have been necessarily hurt by the bull so much as I don't really have a good feel for things other than on a hourly timescale. Right now I would not trust any of my indicators on the longer term short side (weekly, daily). So this means I cannot do more than long or flat. I don't really want to be swing long, although that might work for you. I am not saying that I won't do day stuff, but swing trading this market right now is not to my liking.