Overnight

overexuberance sceaming for stocks like C at 5 if I wasn't going for long term gains on thaparticular purchase back in March I would have sold Citibank-Ford at 5.5 I should have offed at 8.63

I am a buyer of F at 6.5 if it gets back down and CItibank back at 3.86

Oil I think we get an idea of whether oil is going back to 66 by Wednesday If the EIA draws more again and the imports are bullish as well 80 maybe 85 and our new bracket will form 75-85

Until we establish a breakthrough like an old relationship the norm or the incumbant is the favorite to repeat. We have some macro data to interpret tomorrow unlike the unbelievably sparse day today was -A true dog day of August. We reco'd selling near 75 last night and again this morning and if you got one off at 74.75 say-than you can afford to try it one more time on approach

On Natty In the new session Natty is up from 2.945 to 2.950 I just finished a report from credit-suisse that is a day old as I am playing catch up but in this they point out that Natty cannot re-pierce 3 to the upside -It is true 3 is now resisitance but

I would think that 3 is gonna be defended then defeated sooner rather than later

I bought two contacts and flipped one all over the place I gave you some nice ins and outs all over the map if you joined in the Natty action you now have a feel for the way it trades and a litle scracth for your efforts