Morning all,Im on the sidelines at the moment, have some...

Morning all,

Im on the sidelines at the moment, have some concerns over the direction of the market short term and not willing to risk cash for the sake of a punt..

The late rally on the DJIA IMHO should be taken with caution...yes, we might see some buying here this morning, however I wouldnt be surpised to see a few taking the opportunity to unload into the buying..

For me, the DJIA is heading back to the 9600-9700 level, and maybe even lower to the 9100 or so level.

Also worth noting is the Dow futures finished at -38 after the market closed on Friday..

If I get any decent charts I will post them up when I get a chance..

Good luck today all

Cheers
Kevi