DJIA

open  10,199.24

close 10,216.27 up 18.24

day high 10,220.28

day low 10,146.49

today's volume 131,487,257

3mo avg. daily volume 238,969,342

DJTA

open 4,160.51

close 4,164.09 up 3.19

day high 4,208.58

day low 4,123.18

today's volume 17,736.859

3mo avg.daily volume 24,213,018

Sorry for missing the site on Friday, as it was date night for me and my wife and heading into the weekend, I really didn't have anything to comment on.  Prices balancing out right at the $10,200 levels with low volume as I estimated from the 1/3rds to 2/3rds correction concept.  As this is what we call "earnings season" the assumption today is that after 3 months of painful trading for the Wall Street bulls, it wouldn't surprise to see a month of growth, however, I stand to my $10,200 figure and although the best "assumptions" suggest increases due to, frankly, terrible news and reports throughout the year, there's got to be a little rebound... but volume says no, the primary trend says no, so we'll see... does manipulation defeat Dow Theory??  Of course it does, on the day to day...

Here's a five day chart on the industrials.  I'm showing a short chart because it seems repetitive with a morning pop, blow off, and slow rise... Again, I can't help but notice volume declining.  The short pops are not enthusiastic and the follow-thru is non-existent.

that's enough for tonight... waiting patiently for this to play out over the next month.

On a final note, I've read mixed thoughts on short funds.  A few considerations against the DJIA, S&P and Real Estate into the future may prove beneficial... and may not.  Something is only worth what it can be sold for, I wonder how interested some will be in the short funds if and when the markets have finished their primary trend... but that is also the nature of markets, that for every seller, there's probably a buyer.