A lot of people are not sure what to do and that uncertainty is playing itself out in the marketplace.
I think it's going to be pretty dead until everyone finds out what the Fed is going to do. It looks to me like the market is setting itself up for a little bit of profit-taking because people are concerned.
There's not a lot of selling pressure in the market. Having sat here and watched and traded, you could tell something has changed. It's a bit of a reprieve. I think the market has to prove itself ... but this rally feels a little bit different. It feels a little bit better.
I'm just starting to get this bad feeling again. History may not repeat itself this time.