actually 4hour chart's histogram is turning bearish, I guess I am in agreement with AS after all, stradle is probably the right way to trade this market right now.
We are breaking through DAILY SMA at 7495.00...now trading 7516.50...want to see whether 7495 will hold or not...I am a little bit cautious because I have belly feeling that we might see some more of - how I named it "DROP-POLICY" ( in reference to the fact that we are getting the truth of subrime mess in sliced pieces ) - in relation to subprime "NEWS"...