Battle Cry

"It's trench warfare out there, pal."
--Gordon Gekko (Wall Street)

Trench warfare continues in the Battle for the 200 Day Moving Average. Bulls made 'em bounce the last two days but early indications today suggest the bears might press them back toward the maginot.

My growing sense it that the more drawn out the battle here, the greater the chance that the winner will let loose with a powerful victory lap.

position in SPX