No Buy, No Sell

It appears that the CMI is sitting out of this day trader's market until a significant direction is given. A buy signal looked like a sure thing until the CMI pulled back and changed it's mind at the last minute. Seems as though this as was a good move as two or three percent swings in either direction have not set the market in either direction for very long. Eventually this will break and I still believe we will be on a continued downtrend for the majority of this year. The Cheetum Market Index has picked up on some major moves over the last year and a half and I don't think this year will be any different. Patience is needed although I don't have any real desire to trade individual equities right now anyway. Best guess on the next signal would be middle of next week.