Hi Asher,

You know we always "fade" the economists, don't you? Economists and Spike (we'll see if he's reading). It's always a safe bet to take the other side of their trade. ;-)

It's funny though what they base their reasoning on? Like you pointed out, we've got a weak rally, strong resistance not to mention fib levels, trendlines, overbought indicators and a whole host of other reasons every trader and their brother (but not the economist's brother) will be looking to short the stocks this week.

We'll see who's right, us or them. I'm with you on this one... but if we're wrong I'm blaming you.

Erich