9L,Very astute point you make about a few stocks holding up the...

9L,

Very astute point you make about a few stocks holding up the index - ie. thin market breadth - usually a bad sign.

On the other hand this is after serious falls from the highs and so this could be the big boys piling into the key stocks first.

No certainty either way that's for sure - but still your comments do I think increase the probability of a fall from here as the rug is pulled away from the top stocks.

Also, as per charts I've posted previously - I think a further fall is necessary as IMO we need to 1. hit the bottom of 3 key channels and 2. also hit the 61.8 fib retrace from 1982. The 50 failed to hold so its only to be expected the 61.8 fib should be the bottom for now. Not guaranteed but more likely than not IMO.