Zeev -- today's number of declining issues on the Naz was only 801, the lowest number in 3 years at least. The next closest was in early July of 2002 during the downtrend on an aborted rally. That said, we seem to often get spike readings like this on the second day of a rally. Then we pause and USUALLY go higher, though the last time we had such a spike down, we then went on with the November correction. Your road map seems to have us repeating that pattern, and I'm curious if there's other internals that you see pointing that way.
If I had to guess, the low TRINQ/TRIN would be one, but I don't see enough negative to see where the new lows come from. Quite curious to hear.
Thanks!
the freep