Marginalia

Given that the US markets have only backed of their highs by a few fractions of a percent the breadth on Bulkowski's indicator is looking particularly weak!

NAAIM sentiment is still way up there...

The Russell is lagging with a clear divergence but the COMPQ is on a tear. Who to believe? I tend to favour the R2K...

The McClellan Oscillators have lagged for some time now...

The cumulative NYAD says that we're a long way from THE top though.

False break on the VIX?!

Very rare to see it down so low...

The XJO/XAO rallied up to a 50% retracement at the end of last week (no chart).

Keep in mind also that the Jupiter-Uranus opposition will be exact on March the 2nd and fits well with other cycle forecasts for a low around that time.

In conclusion... I'm a patient bear!!