What I expect Monday morning - 10/14/2013

Looking at the futures last night before I went to bed and again this morning, it appears that at the opening we will be down at least .77%, 13 points or around $1690. So even though we got that pretty higher pivot low last week, it appears that it will not have any follow through because of the news. So I doubt I put any of my G-money to work this morning and will just watch the show. 

Another thing that you should know that I forgot to mention on my blog but have told a few in person, is that right now I'm 100% cash in my Stock account at TD Ameritrade. I decided to take all profits and and wait for better market conditions. Plain english, I own zero stocks.

Until we get something more concrete out of the Senate, House, and the President, I'm afraid that these markets will have some wild swings in both directions and predicting them, even with charts, is going to very difficult. In time this to will pass.