Another consolidation type of day with a tight trading range. The All Ordinaries scraped into positive territory, up just 0.1 point, whilst the XJO closed 1.7 points weaker. There was, however, quite a bit of activity in the Discretionary Setups. We have had three trailing stops hit and five pending trades trigger entries, leaving the only pending trade being one added today. A few positions have also been knocked out of the Systematic Power Setups in the last couple of days as the market takes a breather after the last two and a half weeks or so of pretty positive movement. Perhaps the market is posturing for the XJO to take a run at the 5000 level or will a sell off ensue. Either way, the trend is currently up and we continue to look for long trades and see no reason to be looking at shorts.