I have not seen internal major deterioration in most of my indicators, so far, so I am assuming that yesterday rout was option (was it "triple witching" yesterday?) related. It would be nice if Mich would come back and give us from time to time max pain for some of the major stocks. I thought the market was such that most stocks were above max pain (and thus expected delta hedging to kick in on the upside, wrong again), but I did not look at max pain for the individual issues....If FRiday was just an option expiry affair, after a possible small early decline Monday (probably barely under 1900) I expect a rebound into mid day Wednesday and then, depending on the "internals" and the nature of such a rebound, I'll see if I stay with "2000 before 1842 or not". That is why my cash position is still in bullish territory at 32%....
