Gap Fill on Deck

By now, the reports on the end of the world as we know it are circulating the Blogosphere, and if you are a long term holder of equities I say it is and been time to lighten up, and go long, long bonds.  But if you are a trader, we are now very oversold, with a stretched  price to the moving averages, and a gap fill looming.

If Monday fills that gap, my view is we rally into year end.  My preference will be to sell volatility.