The jobs report is always revised and error in the number is huge. Unless you get an apocalytic number or a huge boost in jobs, the report is meaningless. The trend is down. We had the upside breakout fakeout last week and now we resume the downtrend. The next bump in the road is S&P 1270, where there will be a battle between bulls and bears. Stocks aren't cheap enough for the bulls to make a lasting stand. Now there are rumors of an emergency Fed rate cut. The bulls are pulling out all the stops to prop up this weak market. More bloodletting until we see capitulation, where people are not hiding out in energy, materials, and commodities and sell everything for King Cash.