MARKET COMMENTARY (9-4-09)

We're still in a range, meaning, don't go crazy trying to predict direction and more importantly, betting heavily on what you believe will be the future direction of the market. I have no idea what will happen which is why I take things day-by-day.

In the 1-month chart, make note of the orange ovals. This is where major breakouts and breakdowns have been occurring. Everything else is a waste of time.

Also, today is the last day before a 3-day weekend. There will be low volume making it not worth trading (vs. the regular days I trade).

I'll be in NYC (Financial District) for the weekend. Have a good one.