– Markets were down -1.64% in continuation of the largest % decline since 3-4 months after logging a new high on 1/21/10
– NEUTRAL%/uncertain increased after a decline, and BULL% increasing – perhaps the BEARS moving standing pat and/or moving to BULL camp
– Favors markets holding their ground ?
– From a contrarian perspective the BULL% was lowest since September 2009 during the week of 1/4/10, where ESH0 topped with a retest during the week of 1/18/10. And it has been steadily rising since then. Are the markets sitting at a significant bottom?