Zeev's Turnips Patch-No Politics (ZEEV)

[skono4]

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....
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http://stockcharts.com/candleglance?IDU,TLT,ICF,NUC,GIM,NVR,xlf/B/L14

I see alot of new highs in "stocks" that are actually a bet AGAINST stocks. ETFs that track international bonds, municiple bonds, income funds, real estate, commodities and commodity-related issues are a sign that money is moving OUT of equities.....no? To what degree is this traditional indicator negated by the influx of these new trading vehicles?