We have actually generated some minor extreme bearish reading today which could indicate at least a mild bounce, the nature of that bounce will probably be very important in the next few days to determine what is next. For now, I don't have enough deterioration to justify taking a bearish stance and if 1940 on the Naz is held on the next onslaught, we might still be OK for the spring run, maybe a little delay. I raised cash from "breaking situations" (SNDK and SSTI), and two winners in AH (CDWC and IRF) so that cash it now close to 15%, still quite a bullish stance. I might even deploy some in the morning....
