Well if you want to compare to 2008, do note the big negative...

Well if you want to compare to 2008, do note the big negative divergence between the 2 peaks in Aug/Sept07 and Nov 07. And yeah there was a big drop off from the first peak in the ratio. I wouldn't be too scared at the moment, but I think its possible and maybe even quite likely we will get negative divergence with a peak in a couple months time like last year. The first peak last year was about a month earlier than our Feb peak this year. So a late April top last year may mean late May this year. As they say sell in May and stay away.