Hi Redbacka, great report as usual - also read your dailies. Looks like the Chaiken weekly played out on the XJO. It seems like recent highs in the SPX were reached on lower participation than previous recent highs. This spells WARNING for the SPX. At these elevated levels I would not be at all surprised to see at least a further 2 down weeks for the SPX. The graph of AD figures you keep and published some weeks ago clearly predicted the 'imminency' of the current top/downtrend. Cheers, M
