Analysis:
Yesterday's Analysis predicted that "the market will continue to drift downwards." Today the market settled almost 10 points lower. Looking ahead to tomorrow, the International Trade Deficit for Sept. will decrease sharply due to a weak dollar and, along with the Initial Jobless Claims below 450,000, will further boost the dollar against the Euro. The Euro will also weaken because Olli Rehn attempted to jawbone the market into renewing its faith in the Irish bonds, while unlike voters, the market is not easily being fooled by politicians. As a result, the market will attempt to retrace back below 1,200.
Strategy:
Hold short at 1,213.5
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