NOW WE'RE GETTING NOWHERE:

The closing price of the S&P 500 on Dec.31 of 2010 was 1,257 - as of this morning, the SPX is again: 1,257, despite a volatile year. Something like 88 trading days have seen triple-digit swings YTD. Dividends anyone?
The last time the AAII Bull/Bear ratio was spread this wide (the Bears 20 points below the Bulls) was July 15 week. A week later the DJIA dropped 2,000 points. Two other favorite indicators of mine - the McClellan Oscillator and CBOE Equity put/call ratio - are also getting toppy; as is the Bullish %.
Tom McClellan has kindly offered to share with us (in the upcoming TSAA Review)  the correlation he showed on Bloomberg last week of the Euro$ Commitment of Traders vs. the SPX - offset 1 full year. His prediction is a bar bell UP for the first and last part of 2012 and sideways during the summer months.
Here  are the Sentiment numbers:

Date>			10/28/2011	11/4/2011	11/11/2011	7Yr.HI	LOW
Indices:	DJIA		12234	11983	12153	14093	6626
	NAZ		2737	2686	2678	2861	1114
	SPX		1285	1253	1263	1561	683
NASD/NYSE	WklyVolume (Bshs)		5.5/10.4	5.3/10.0	4.4/9.2
nasd/nyse	Specul.Ratio hi=bullish		1.89	1.89	2.09	2.3	1.59
Sentiment:	put/call-CBOE		59	76	73	104.11/08	42
Barron's	VIX>50-alltmlow=8.8		24.5	30.1	30	90	8.8
	Advance/Dec-NYSE		2679/492	1023/2119	1558/1592
	Weekly Net:		2187	-1096	-34
	Cumulative:		125585	124489	124455	127929	71464
Weekly	NYSE hi/low		229/38	113/57	154/73	950	18
New Hi's/Low's	Nasdaq h/l		153/98	87/139	89/159
McClellan	Oscillator		77	22	38	108-1/09	-100 -10/08
McClellan Sum	.+750/-1000		546	653	747	1568-6/03	-1514
Newsletter	Inv.Intel -Bull:tues		40	43.2	44.2	62.9-12/04	22.2-10/08
Surveys	Bear:-5yrs		37.9	36.8	34.7	54.4-10/08	15.6
	AAII  -Bull :wed.		43	40.2	44.7	(12/10)63.3
	Bear		25	29.6	24.6	70.3(3/09)	16.4
COT:Change w/w	large/small (net)k		12/(10)	3/15.	n/aHoliday
CEOinsider	selling		29:1	35:1	34:1	235:1	.2.1
BalticDryIndex	GlobalEcon		2153	1817	1840	11700	663
3-box rev	Bullish%-		77	74	72	88	2

With record numbers of dollars coming out of Money Market Funds, mostly into the crowded trade of short term bonds, anyone who has a minimal knowledge of covered call options and/or an interest in hedging stock market exposure might want to check out: brentleonard.com for an alternative strategy that is low-risk as well as highly rewarding. For those of you wanting more details and actual trading results, a new book is available for $14.95 at Amazon.com: Zero (IN)Tolerance

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NOW WE'RE GETTING NOWHERE: