The Meat Grinder

The markets are performing a slow grind. I am surprised they are not bouncing hard off these levels. There is no real commitment. The bull market that began off the march '09 lows is completely halted. It keeps trying to regain traction, only to slip in the late sessions. The proper trading strategy in these markets is "Scalping" given the high volatility and no direction. It seems everybody is doing it. We will let "JPT" play out into next week and decide whether to join the "scalpers" or not. Check emails for updates.