PRE MARKET

DOW futures up a wee bit. NDX futures flat.

Just a lot of crosscurrents out there. Far past the time of throwing darts. Patterns of the DOW, NYSE, TRANSPORTS look sickly. NASDAQ/NDX/SEMIS still the bull of the woods. They had better stay strong. FINANCIALS caving in but just a wee bit. Not sweating them yet.

PING PONG. We stay with that mantra that we are in a decently wide consolidation after a 15 month romp ending late January. Nothing wrong with settling down for a while after such a move but something wrong with the many areas we have told you about that act poorly.