Todays strength was a good effort but still not enough to swing the daily trend back to positive. We’re in no-mans land right here with conflicting signals. The Daily trend is flat. The weekly trend is up, and that all important level in the XJO at 4585 remains intact. It’s prudent to stay conservative right here until these wobbles pass or until the downdraft really takes hold once and for all. Our Systematic program is still in defensive mode and tightening stops and not generating any buy signals. If we can gain some traction tomorrow then perhaps come early next week we can resume some buying. Until then I strongly suggest taking a very cautious approach.