Last week, I gave a bunch of new UP signals so this week it wasn’t so surprising that I am sitting tight with only 53 new UPs vs. 52 new DOWNs.  I sensed a great hesitation to move forward with a lot of conviction last week.  Obviously, we got the huge move on the FOMC decision and a few good days of additional gains, but it’s only reasonable that investors didn’t get overly excited too fast.  We are approaching the resistance levels of mid-July’s record highs, we still have a credit crisis, corporate earnings will likely slow this quarter, the economy is questionable, etc. etc.  Nonetheless, I am sitting tight with my quietly bullish stance until I see firm conviction in either direction.