I am not so sure about the bearish thesis for now, on the last run up we did not get excessive optimistic reading, and yesterday's move down was not persuasive either, lack of expansion of new lows is just one sign. For now, we may very well be "stuck" in a trading range from just under 2100 on the Naz to just under 2200 until we get either excessive optimism again (EPC under .45, would be a good one point signal). I am still in my bearsuit which was put on around 2155 on the Naz, essentially smack in the middle of the recent trading range, but by now, I fully expected 2100 to be taken out, so apart of a lonely short on the bu$$, I have no shorts on.
