IMPORTANT UPDATE

Using methods of time relationships and FIB relationships, we can explore past and potential future time dates we want to be watching for our anticipated trend change.

One is the period near end of FEB and into first week of March. AMAZINGLY, as pointed out in ELLIOTWAVE.COM Friday update, from top in 2000 to bottom in 2001 (not the low) then from there to next TOP in 2002 and then again to the lows of 2003 the avg time passed was about a year! They also describe another relationship I can only refer to (subscription service....well worth checking out), from 200 high to 2003 low and then from 2003 lows to anticicpated HIGH somewhere near the window I mentioned above is a strong 2/3 or .786 FIB relationship.

IMHO raising the potential for a high to be put in sometime in next few weeks, and with LAGGING breadth and overall weakness, I wonder if we have seen the high already for this move.

McClellan OScillator is negative again. Summation index has turned down.

I NOTE from AUG high in McClellan index, ithas made 2 lower highs from which a trendline can be drawn, EVEN though SPX has worked itself higher, BEARISH IMHO. Twice has hit upper trendline as this occured.

ALSO ( one reason I enjoy EWT) I find sentiment VERY important. and it is no SECRET that the lemmings, the hedge funds (DUMB MONEY)/largest speculators are now at a new NET LONG position! DWARFING the net contract at 2000 highs! conasidering the indexes....rather interesting.

IMHO, this is NO time to fall asleep, market action coming up may be very telling.

Duratek