Friday was a market holiday. I sold the OEX put options near the close on thursday. Had to get out. At one point they had a couple hundred dollar profit. But the market snapped back up at the end and I was lucky to get out with a small profit. The options have a week left but I couldn't take the risk. The McClellan Oscillator has moved into negative territory and the summation index is pointing down so further weakness would not be a surprise. But it's not a sure thing one way or another. I am going to try and stay out next week. Unless a clear signal emerges. It is a very difficult game. Good earnings came out thursday but the market was down 40 points. A market that doesn't rally on good news is a caution flag. We are also moving up to the previous highs. Next week will go a long way to figuring out if we are in a sustained new rally phase or what we just saw was a snapback from the decline. Time will tell...