We’ll continue to remain on the sidelines and preserve capital. We’ll add no positions until we see further evidence that the broader markets DJIA and S&P 500 can hold current levels for the remainder of this week. Our research shows the remainder of the month of October should continue be incredibly volatile. That volatility soon just might avail itself primarily on the south side below the 200 day moving average. While Sunday night’s futures might give us an early indication and insight as to where we might open early Monday morning, short term it’s really anyone guess where we might end up by the end of the week let alone the end of the month. By the end of the month we expect a short term bottom will be in place. It’s just a matter of where and off what level. The reason why this week is so critical is because we moved through and closed below the 200
