There are many definitions, one of my signals (which is of course late and just used to determine the type of trend one is in) is a new four month high (which the Naz has done) and holding above the 200 EMA on retrenchments (also achieved so far by the Naz). My problem (and it may remain so) is lack of leadership, no new highs in Dow components, lower new highs here than at lower prices on the Naz and declining volume. So, while the Naz satisfied that condition, it may be lonely there and thus may not stay for long. I am still just neutral, though my cash position is around 50%/60%, and slowly declining. Just sold CDWC here at $43.05 for a minor gain and INTU at $39.10 for a minor loss. CAKE also went here at $33.54 for a somewhat better $.79 gain. JCOM aslso went here at $29.80 for just $.28 this time...
Zeev
