What's next?

Markets were up strongly yesterday on the hopes that Europe will work something out.  We'll soon see as the European leaders meet on Wednesday to try and craft some type of plan.  Historically, next week marks the worst week of the year.  With the market overbought and seemingly postured for the good news out of Europe that may or may not come, we would expect lower prices early in the week.  We do think that after a period of consolidation or correction, that the market will continue its uptrend possibly into the end of the year and early next.  It is likely that we will move back into the market next week after being market neutral.  We will see what the week brings.  Many of the indices have made small breakouts from the trading range and if those levels can hold would be very positive.  Much can happen over the weekend so we will watch to see what happens during the first part of the week.