5/09 Indices, page-290

A little bit more - don't think market is optimal enough. Important lows usually have <25% of market above the 50 day moving average and we havn't got that yet lowest it has gone is 30.01% - it's a small margin but still want to see an optimal technical set up or I'll be suss of any up move until we get it. In June we had 1.98% of market above the 50 day moving average - now that's a set up !