EARLY BLOG:

Just like Jesse Livermore, when things get boring I take off to a seaside resort for a week off, so this issue will be short and early. Indicators remain overbought, especially the Bullish % at a near record 87, but breadth and sentiment do not indicate any cessation of the upside action. Possibly post-quad-witching next week will show some pause, but as Jason Trennert, the palindromic forecaster, says, more inflows are into bond funds than equity - no time for a top.

Here are Thursday's results:

MktSentiment	9/17/2009	Prev. Week	5Yr.HI	LOW
DJIA	9783	9605	14093	6626
Nasdaq	2126	2080	2810	1114
S&P500	1065	1042	1561	683
CBOE Eq.
put/call	53	60	96-10/08	46-1/03
VIX	23.6	24.1	90	8.8
McClellan Osc	45	35	108	-100
McClelSum	1436	1228	1568	-1514
Newsletter Surveys:
Inv.Intel				22.21
Bull	47.8	48.3	63	22.21
Bear	24.4	23.6	54.4	16
AAII-Bull/Bear	42.0/40.0	37.3/44.0	n/a
Nova/Ursa
MutualFunds	0.89	0.87	2.2	0.56
Baltic Dry Index	2390	2468	11700	663
Bullish%	87	84	88	2
Insider corporate
sellers	n/a	23:1	108:1	2.4:1
Mutual Fund Inflows	.8B	-.5B
ETF Inflows	.4B	-3.7B
VIX Volatility	-10		12	-22
VIX 1-month future	-18		2	-18
VIX 5-month future	-3		8	-7

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