Seeking a Safe Haven

This column was originally published on RealMoney on July 13 at 3:02 p.m. EDT. It's being republished as a bonus for TheStreet.com readers.

Now you've got two problems: a Friday where the bears can play havoc and the possibility of something really terrible in Israel that can escalate quickly, in the manner of 1973.

In other words, the market is taking away hope of upside and forcing you to take a beating, with only a short-covering rally as your reward.

I am fascinated by the fact that the TRIN, one of my favorite technical indicators, touched 2 -- usually nirvana for the bulls as it is so negative -- and nothing happened. But the ultimate time frame for the aftermath of the Israeli missiles is just too horrible to navigate. ...