The U.S. and the world have considerable financial problems, and those problems will be resolved in some fashion, or at least serious attempts will be made towards their resolution in the near term.. Those attempts at resolution will impinge on the market, and some thought should be given as to how it will be affected. I can't see, with any certainty, what the results will be, and therefore chose a holding pattern until some clarity of direction is achieved.
My short term trading stays pretty much the same, except for tightening a little. The short term trader's only real concern is that volatility continues, and he doesn't get hung by a new rope. . I