Warning Flags Still Flying

The DOW ended Friday's session down another 25 points, and the Nasdaq dropped almost 19. I remain on the sidelines again today. But there is good news: volume was much lighter than yesterday (although that may have more to do with Jewish holidays than lack of sellers), and a number of stocks on my watch list hovered on their 50 day lines. I think the market is winding up for a sharp rise, perhaps next week. Beginning next week, I will post my top ten Watch List stocks (with explanations).