Yes, strange indeed, the market does not always offer a clear picture, trin indices have also reached extreme, and I fear that many sectors 10 DMA will also have reached an extreme. Noe if the indices retrench here, while volume continues a slow expansion , new highs expand and new lows contracts, then we might have a turn, but not the beginning of a cyclical bull, only a strong interim counter move. if these do not happen, than we might have had most of the rally and a top before Wednesday noon would be possible. I still think that this bear is far from dead.
Zeev
