Opening Indications?

Normally we'd have covered that by this time, but it seems overnight someone put a fresh coat of paint on while yesterday's was still wet, in other words if watching paint dry yesterday wasn't bad enough, we have another coat of wet paint over yesterday's as evidenced once again by ES which opened $.25 cents above yesterday's close, a total of $.75 from Monday's open. What happened to 8 or 10 point moves?

In other words the market is about as flat and dull a it can be, which means it's also (by my experience) about as mischievous as can be as these dull markets are as I like to say, akin to the "Children being a little too quiet in the room next door".

I'm looking around to see where the action is, other than the G7's statement sending currencies (at least important ones) up on their total ambivalence and then plunging down on their revised statement in which "Japan will be brought to task!" uh, mmmhhhh, except by the U.S. who's Secretary of the Treasury announced this morning she supports Japan's currency destruction measures.

OK, I'm off to see what can be seen. With us going on our 3rd day of barely any movement in the market at all, there's going to be some pretty tightly wound up Bollinger Bands, meaning a likely pop through them, but I'd be careful about chasing any initial pop through them in either direction as it will likely be misdirection, whether up or down.

Let me see if I can find some hard data on either side of the fence.