BEARISH SENTIMENT

The bearish sentiment is beginning to wane.
The higher the indexes, the more BULLISH the market, as it feeds off the bearish sentiment.
Monday's PC ratios were cboe .96 - spx500 -2.44 -oex - 1.19
Tuesday ----------------------------------.93 ------------ 2.63 --------- 1.59
WEd ---------------------------------------.77 -------------- 1.67 ---------1.16
Thurs At 10am -----------------------.65 --------------- .91 -----------1.30
The SPX 500 tells the story
Today at 11 AM marks the 78 HOUR cycle that STILL appears to be in control on a HIGH to HIGH from Jan 12th at 4pm.
Tomorrow marks an 16 to 18 day low to Low cycle from Jan 5 to 9
Still expecting higher highs to run up to March 16th

Jay