I have this wretched feeling that tommorrow will be an awful day. In February, the correction was expected. Lots of puts on the market. Puts and short interest saved us. This time I feel as if that insurance policy is not there. (I looked at the put/call ratio and ISEE# to confirm there are lots of calls on the market.) There is some economic news at 8:30, but the PPI # on Friday will be the sinker. Its going to come in too hot confirming inflation risk. Thursday might be ok, but Friday wont be ok. Its a very wretched feeling indeed and I only wish Bush had elected a different Fed chairman. This makes me sick to my stomach. That formation on the charts is a bearish wedge.