10-24-14 will be late due to packer submission problems.

From the afternoon reports the model projects that the Purchase Index will be weak - perhaps down as much as $1.42. That is enough to cause the CME Index component on Friday's kill to post another leg down.

The ZZZs may or may not follow the component lower with a "Gap" of 9.14 at Friday's settle. There are probably enough "Bulls" lurking around to pump the ZZZs up a little. I say that because I'm short a couple of ZZZs and the market likes to pick my pockets.

Best wishes,

dhm