The Bollinger bands have tightened around the Keltner Channel - verterans of this site will know it's called a 'volatility squeeze' - a signal that the market is gearing up for a significant move, in due course. (

Which way is the $64,000 question...

I'm still looking for a drop towards the 15000 level, (ie a retest of the old 2009 range highs), where I would be a big buyer of December futures..

But we'll have to wait and see- the market could just ignore my wishes and break out north...in which case I would be a cautious buyer on a close (and follow though) over 17000...