I continue to expect stocks to do absolutely nothing between now and Labor Day, although we may see some gratuitous feints, dives and thrusts between now and then.  There is little to suggest for Friday, since this week’s lows achieved a downside target that had been in effect since August 19.  Any slippage beneath it, however, would set the futures on course, probably, for a gropefest down to as low as 1002.75, where an important and presumably supportive low was recorded on July 5.