A little excessively low, and makes me uncomfortable, one reason I am not jumping on this breach of 1400. I did reduce cash a little to just around 40% with few minor deployments, but I am still expecting some give up and retrenchment under 1400, maybe still to under 1350. The short have been squeezed, the volume is unimpressive, new highs not expanding, a lot of things that are not right with this stage of the rally. It surely put a damper in the hope of topping above 1550. Just took the $.60 from INVN here.
Zeev
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