MDA - Market Direction Analysis

[deuce bigalow]

since many indicators show that we are closer to topping than we are to being positioned for a significant move up.<<<<

A lot of stuff I look at looks reasonably overbought, not screaming overbought, sentiment has turned reasonably bullish, not screaming exhuberance, cheifie is here claiming the Vix is going to teens though -gg-, and the CBOE intraday volume was averaging below .5 this AM.

the percentage of bullish - bearish advisors is reaching a declinging tops line from the start of the bear, we still haven't had the weeks on end of more bearish advisors than bullish advisors that a lot of people are looking for to kill the bear.
http://www.vtoreport.com/sentiment/sentiment.htm

Today's gap and crap so far at the recent tops on the nas again, looks like sellers are mount a defense of that area, i bought a nas short fund today, we'll see, this SOB will probably go down tommorrow then turn around and gap back up -gg-