Good comment, but, watch the $BPCOMPX closing near 60%, a two years high, that is a positive divergence and the likelihood of 2500 taken out for good soon. $BPNDX made the high in December, but has not deteriorated enough to indicate internal problems either. Same minimal divergence in the SPX and OEX series (the generals a little weaker that the troops, but no dangerous deterioration). Jim had Feb 5 as a change of direction point, but I am not sure if Friday relapse was not simply a healthy minimal retrench which will be followed by another dip buying period. I am still positive on the market for now, as long as 2390 on the Naz holds in a retrench.
