Another Volatile Week Ahead...

The Dow took a hit in the face last week, correcting to the 50WMA level. Asian markets are lower across the board right now on subprime concerns. It does seem like the real effects of the subprime fallout are just beginning to show up. This is definitely not the time to participate in the market as more volatility is expected in the market this week with a ton of heavy weight releases (economic calendar) as well as the November options expiration this Friday. How about going short? I wouldn't bet on that either... it is not easy to pin point the beginning of a real bear trend... short term corrections like this one usually rebounds so strongly that most short sellers will eventually lose money.