I have put on my bear suit at 2100 on January, 8th, that is not a permanent status, one of these days, I am going to turn bullish again, even if only for few months. As we decline according to the Christmas road map, it make sense to put a "maginot" (defense) line, which if crossed (with gusto and with few other parameters in place) indicate that a change of stance maybe required. We had during the last two months such lines at 2088, 2063 and 2043, and now it is lowered to 2007. I probably will turn bullish again on an extreme in sentiments in the next few weeks (maybe even just a week, since the target date for the turn was 3/24), but the market (but not I) may have considered the plunge to 1927 sufficiently extreme and close enough to the original maps target (1913, but recently I lowered that target to the middle of the original range at 1887) to start its spring run early, thus the lowering of the maginot line.
