Could very well be, the equity P/C ratio has been consistently under .5 today, but I think that a bear call is still a little premature, volume still advancing and the breadth of the market is still pretty good. I would be careful with the dark side. Even if the triangle you see is real, it may not bring the Naz much under 1465, at least not on the first downleg. Looking for an EOD run, I got back in SNDK here at $28.63, maybe the third time is the charmer.
Zeev