part 3

4. The market starts to run out of steam we second day we trade close to the low of the days range confirming oıur basic assumption. ıse jumped to 1.48 call-put ratio which is also good plus investor intel is leaving neutral territory. very close to move status to DEFCON 1 as oversold indicators are back to overbought soon - just a matter of few days. Rydex needs to improve a bit more and ISE MAs need to improve a bit as well.

excerpt

Date Published	Percent Bullish	Percent Bearish
03/03	42.1	22.7
02/24	41.1	23.3
02/17	35.6	27.8
02/10	34.1	26.1
02/03	38.9	22.2
01/27	40	23.3
01/20	52.2	18.9
01/13	53.4	15.9
01/06	48.3	16.9
12/30	51.1	15.6
12/23	52.2	16.7
12/16	52.2	16.7
12/09	48.4	16.5