The yellow flag is still on the track

June 18^th, 2007

Mid day update:

As I said in my public charts list on stockcharts.com I’m keeping the yellow flag up. I’m just not completely convinced we are out of the woods with the recent market correction… yet.

Today is a very lack luster day.. It is evident that there is little conviction by the large money holders. There seems to be hesitation with moving large sums of money today. Almost seems like a lot of people took a 3 day weekend.

Keep using caution with your open positions and only take new positions that clearly meet the buy criteria established.

Fp80