Mact is one of the guys that I respect and he posted these indicators and I think an excellent analysis that I wanted to share with you. Mact is the disqus name, look him up. The guy is a good trader. Generally I find that I agree almost 100% of the time with his commentaries and views match my own almost without exception. That being said, I'm more a swing trader and he is a day trader.
His post is below:
1. highest SOS on SPY since the march lows....big boys jumping ship.
2. Sentiment - 8th lowest bear reading in past 20 yrs
3. ISEE showing blowoff sentiment
5. price keeps goin up but internals and volume cont's to weaken.
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