Opening Indications Update

I'll have the charts out in a moment, but from yesterday's close, almost all opening indications are pretty deeply negative, add to that the  negative stance in Russell 2000 Futures and it looks like we'll see some early bearish action, which is a little interesting as I've known the Worden brothers (Peter and Chris, although never had the Honor of meeting dad, Don a technical genius and one of the few technical traders who could really think outside of the box or the book as it may be), in any case I caught Peter's commentary last night which is probably the first time this year and he's noting selling in to the close as well and like me is a little upside down about new record lows in volume being set for the year as we hit new record highs in the SPX. The old , This time it's different", is a sure signal that nothing is different and no one has learned anything over centuries of saying, "This time it's different".



Charts to follow.