The low so far over night in the S&P was 1815. 2 ticks from yesterday’s low at 1813. The low in the Dow futures so far was 15785. 20 ticks from yesterday’s low at 15769. The return to volatility will give opportunity, because typically, we will trade through a 200 to 300 point trading range in the Dow. In the late 90’s and early 2000’s we had 200 to 300 point trading ranges every day and we’d trade through them in general, at least 2 times. So its a good trading environment if you pick your spots carefully. Technicals are your crutch, and if you use them with discipline, you can catch a move or two. What you don’t want to do is try to catch every move. Be selective. For all of you who were jonesing for a 10% break; well you got it! Time to open the check book and buy, if that was your plan. If you stay disciplined in markets like this you can take advantage. If your plan was to buy a 10% break and you didn’t, then maybe you really don’t have a plan. If you are a long term investor, these are the breaks you buy. If you are a trader or someone trying to scalp the market, then use your technicals and trade small. In the grains, I’d be s seller of rallies. CZ has good resistance at 3.55/ 3.66. SX has resitance at 9.75. Dec wheat resistance is between 5.13 and 5.16. These are good chart points to look at for either sales, or if we trade above, to get long on a break out above with buy stops.