January 14th, 2009 9:35am EST

Nas composite gapped down on weak futures and is bouncing long here a bit to test 1530, so far no solid trades look worth entering yet.

10:34am EST Looks like it's still selling down here, testing 1500 support. Major support not til Nov lows of 1300. TRINs up.

After-market: Red day again; anticipating a long day Thur or Fri, if the pattern from the last few weeks holds, eg 5-6 days in a single directional trend before pivoting/consolidation.