Market Comment 09 13 11

Our Market Direction Model is now in cash. Institutions are now accumulating positions. Yesterday the big players stepped in to buy in the last half hour of trading, pushing the markets up to finish with a gain after a morning sell-off.

I believe a bounce is in the making. This will not be a trend change, just a bounce.

I plan on eliminating some short positions and buying a few equities for a short term hold.

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