On Friday Al's Indicator bounced off a low of .93 that was generated on Thursday (this indicator is based on daily statistics). Readings below 1.00 on this indicator are relatively reliable bottoming signals, so this would lend support to the thought that the ES is wrapping up a correction.
The last month or so has been a Chinese water torture, hopefully all the
fund managers that have been vacationing in the Hamptons etc. are back
on the job tomorrow and we'll see some movement.
