Tame PPI

So the bears did not get the follow through today. OEX spent most of the day hovering around the pivot 727ish. The numbers for Monday are 729r1, 727pvt and 725s1 and once again we have a small range and is an ID/NR4. The market will break out from this range. The daily bias is still down. It is hard to believe that the mini-correction lasted one day. There is a very high probability that it will continue next week.

2c