Over the last three days, the stock market accelerated its recovery as soon as systematic models turned up and attracted fresh buying, as anticipated in our previous comments. The flow of positive political news served equally as a catalyst. The stock market traced a V recovery and over a coupled of days gyrated from an oversold status to overbought, according to various indicators. Internal momentum which at the beginning of the upmove was lousy improved and advancing stocks topped the 2000 mark over the last three sessions. We still stick to our scenario, for the time being, of a trading range for the next few months capped by the uncertainties over an agreement between the USA and China. The floor has been set by the Fed which clearly announced last week that it is ready to act in case of a deterioration of the economic situation.