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Thanks John for this post.
The obvious negative I see here is
the absence of real "fear" or disbelief. The
Put/Call ratio never got to market bottoming
levels (on the Fri. Mon. selloff),..and weekly
sentiment surveys are still optimistic,...etc.
In general,...complacency rules.
A risky situation? I think so.
Near Term,..Friday (02-04) should mark a short term
turn date,...Full Moon on 02-05,...and near term end of
monthly inflow (01-27 to 02-04) suggests if we hold
up into Friday,..we may have a turn to the downside.
Have a good day.
Jim Pilliod jpilleafe@xxxxxxx
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