11/5/2009 4:15 pm update: NQ

• tone of the market felt very different today, it felt very bullish...
• on the heals of a bearish close yesterday, and without any major news catalysts, the NQ rallied up from an overnight low of 1670ish to a day session high of 1720ish, a 50 point spread...
• market sees a lot of buying ahead of the jobs report tomorrow morning pre-open...
• are the bulls coming back, or did the bears step away?
• the NQ did pull back from its morning highs, but not the 1% i was looking for....
• still flat the NQ...
• my recent near term bearishness has led me to reduce my long biased position size...ironically, this is occuring right around the time the NQ has started to show some increased bullishness, and provided some opportunities to pick up some NQ on recent dips...perhaps this is only knowable in hindsight...
• today's action is reducing some of my near term bearishness...
• because of today's relative bullishness, i will be bidding a bit more aggresively for the NQ: 1 contract at 1703.50, 1682.50 and 1657.50...
• i am hoping for weakness off tomorrow's jobs report...
• if the market shows strength after the jobs report, i will look to buy a pulback...