Yesterday saw a trend down day with low volume and volatility. The institutions obviously ignored the fact that we closed above 1060 on Friday and no new monies were put into stocks. This makes me very suspicious of the activity of Friday. We have once again tested the 1037 low in the overnight globex session and we will see if this holds as we have a heavy news day for the last day of the month. are the manipulators (PPT) going to be in today? They could very well be as we have the end of the month and the FOMC minutes being released. The daily Cook Cumulative Tick indicator registered a reading of -11 yesterday which brings our total to +201 for the short term.