Update

Still lightly long as seasonals are positive for this time of the year. The AD line and Tannies on the NYSE also help me stick with a small position that I fundamentally can not stand. The AD line on the Naz is terrible and the SOX have put in an ugly daily candle. The Naz is OB relative the the SP on the monthlies so I will be looking hard at that as a short candidate going into the new year.

Also, remeber how 666 marked the lows in the SPX in March. Well look at the Russell 2000's 62.8% retrace level. You guessed it... 666. That's some decent upside for the R2K, but if this year has reinforced anything its that markets can and will do crazy stuff. I personally think that would be a great place to end this 'hell'acious rally. (Sorry; I couldn't resist.)m