Wasn't positive enough to go short in spite chatting up wth my broker:) Not enough to get me to jump. But saw enough to see a 5-7% downdraft seems near impossible to avoid now. I have been watching the 38 QQQ level to come and see what happens for some time and when i saw the MMs were doing their best to jam it above and just missing well I felt we are coming to "MMs get a hernia time". If we proceed up from this point we are breaking into 1999/2000 mode. Those indicator excesses i have thought to be historically untouchable but i am now wondering--but the momentum levels of 1999/2000 haven't even been approached yet, they are figures that defy comprehension. A for instance the present compx weekly momentum is a quite high reading of 350. In 2000 the weekly compx momentum hit 2035. The JR number itself WILL matter i feel.
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