I think we can find out a lot tomorrow. Is the economy adding jobs? Is the slowdown priced in to the market? The market can spin tomorrow's number any way it wants. If we come in ahead of estimates, we could rally cause the economy isn't as bad as we thought. If we miss, we could rally because a slowing economy increases the chances of QE3. The opposite is true as well. If we beat, QE3 ain't coming and we have to live with slow growth so we sell off. If we miss, the economy's worse than we thought and world is ending so we sell off. If I had to guess, since we are so overbought, I think we're selling off no matter what tomorrow. Plus, I'm sure the bears will slip in some rumor on Tuesday about European Sovereignty and we'll be right back around the 1170 level in a flash (bad choice of words, I know). Anyway, I hope you raised cash like I advised cause it should be time to start putting it to work tomorrow.
Good Trading!
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