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Good morning,

I am sorry about the delay. I have been doing a seminar this morning.

I warned you yesterday about the option and futures expiration yesterday, and I suggest that you take a look at it again (click here). The charts show the kind of damage you may get over the next 10 trading days.

If we regain 1284 in the SP500 cash market, we could see a bullish expiration but right now I would rather be short and long. I have so many turns coming over today and tomorrow for longer term swings and I am betting it will be for lower prices. I will keep adding to my short positions that I initiated yesterday and told you about. It is across the board in the FTSE and the DAX and the Dow.

The Maps yesterday have been shown with the real price action, so you can see for yourself how they performed. You can also go back to the previous day and see the original Map. I am not changing anything to make it look better, but if the market inversed as the Dow did yesterday, I will post the inversion. I may begin to post both the normal Map and the inversion Map.

Tom