First I would like to thank everyone for their patience over these last four days.

Just a quick update on the HUI which is showing the price action hitting the top rail of the downtrend channel this morning. We still don’t have a confirmed first reversal point low yet. A breakout above the top rail of the downtrend channel would be the first indication reversal point #1 maybe in place. We should see some type of small reversal pattern form at the first low such as a double bottom or H&S bottom.