>Jake, I'm interested to hear your take on the state of the markets.

We're range bound right now. What's I find interesting is that the markets seem to be pre-pricing events. Instead of reacting to oil news, Greece, earnings etc, the market appears to be anticipating them. For the 2nd time in the DOW recovered 12090 (although it's swinging wildly so who knows what tomorrow will bring), NASDAQ passed the 2600 test, RUT passed the 771 test & S&P passed the 1250 test. All should now be on there way to test 50 & 100 day moving averages. Failing those we'll test the lows again. Breaking above them would make me bullish again. For now I'm sticking with my buys at low levels. Apx DOW 11300.

An old trader who my dad used to work with had an experiment for times like this...a sideways market is like holding your arm straight out...