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[viccarter]

As I posted EOD Friday, I was bearish on this market. I gave my reasons, although I was watching the DAX breakout carefully. The main adjustment that I've made in my trading since 2013 is to wait for an hourly signal -- however you choose to measure that signal. In a non trending market like we have, turn calling prior to having an hourly signal will often put you in a good spot when you get it right, and still give you a bailout when you get it wrong. I did nibble short y'day, however I did not take anything with size. I cannot chase RUT short with INDU down >350, so just sitting on the tiny short here. I don't think that the huge discrepancy in strength between RUT and SPX/DOW is necessarily bullish as the RUT can play catch up in short order, but hanging back for confirmation and better clarification.