The volume continues to drop, as expected, and with the v dropping the mkt. rises. I continue to watch the eur/usd and it currently is in a uptrend, but that up-trend is coming in the form of a bear flag. There is a lot of resistance nearby for all the indices that would seem to coincide with another breakdown of the euro. There is not a lot of economic news next week, but the heavy days will be W / Th. Don’t forget that Friday is Quadruple witching, which always makes for an exciting week. I expect the volatility to continue and will be watching the key resistance for the next two days, to key another move down.
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