Yup, these numbers are a little concerning, just as is the high RSI and few others, but a short trip to the 1950/60 area can easily solve that, don't you think? Note that near the top in January/February, it was the 200 d that gave a lengthy series of readings around 92, which together with many other parameters gave the sell signal early in January. Here the 200d is keeping well under 50, no major danger, and the 0 days simply signals a short term overbought situation, nothing too serious et...I prefer to look at the BP series which once more show a cross over the 14 DMA, both on NDX and Naz and from relatively good levels in the 30% to 40%. Also note that the EPC is quite well behaving after 6 to seven days of steady advance. There is a small resistance here just under 2000 and at 490 on the Sox, but once we get a good 20/30 intraday swoon down, these problems should resolved, and if sentiment indicators do not gt out of hand, I think we should take 490 out on the sox and march to 530/5 before any major retrench.
