Have you looked at the Dow 5 days RSI? 14.3, even the five weeks moving average is at an extreme oversold of 25. The Dow is making a triple bottom here, and the Naz is not even testing the August lows of 1750, it even did not manage to take out the 10/14-15 low at 1900. The $ndx is even stronger. The strange thing, despite the 40 or so Naz points decline, the BPCOMPQ, did not even drop today... I think that any initial drop Monday morning, will rapidly reverse and don't mind going into the weekend at 14% cash only. You'd think that with such a large drop in the indices, the new highs will contract and new low expand, but they barely budged and new highs counts is greater than new lows on both NYSE and Naz. Such divergences indicate to me that something is not as it seems....
