"OFF" DEMARK:

Over the years I've heard Technical Analyst Tom Demark at TSAA meetings, Bloomberg talks (he was on their staff with his Indicator), even had dinner with him - but never quite bought into his math predictions. Two weeks ago , highly touted by Bloomberg's Adam Johnson, as being followed by Soros, SAC's Cohen, et.al., when his bullish prediction lined up with my observations, I forecasted a seasonal rally.
Tom's prediction: 1330-45 on the SPX by the 21st of Dec. did seem pretty outlandish, and now - two days away, with the SPX at 1212, it would take a Xmas miracle to get there, although a yearend rally is likely (The Santa Claus rally is actually between Xmas and New Year's).
Other than the CBOE put/call ratio at 80, no other Indicator is at an extreme, this past low-volume week:

Date>		12/16/2011	12/9/2011
Indices:	DJIA	11866	12184
	NAZ	2555	2646
	SPX	1219	1255
NASD/NYSE	WklyVolume (Bshs)	5.3/9.3	4.4/8.3
nasd/nyse	Specul.Ratio hi=bullish	1.75	1.89
Sentiment:	put/call-CBOE	80	77
Barron's	VIX>50-alltmlow=8.8	24.29	26.38
	Advance/Dec-NYSE	813/2348	1876/1269
	Weekly Net:	-1535	607
	Cumulative:	123955	125490
Weekly	NYSE hi/low	190/168	239/44
New Hi's/Low's	Nasdaq h/l	87/292	110/147
McClellan	Oscillator	-17	16
McClellan Sum	.+750/-1000	81	237
Newsletter	Inv.Intel -Bull:tues	45.3	47.4
Surveys	Bear:-5yrs	30.5	29.5
	AAII  -Bull :wed.	40.2	38.6
	Bear	33.6	34.8
COT:Change w/w	large/small (net)k	17/19.	11/34.
CEOinsider	selling	19:1	40:1
BalticDryIndex	GlobalEcon	1889	1882
3-box rev	Bullish%-	58	61
US equity -ICI	Fund Flows	1 wk lag	1 wk lag
MMF flows	Change in $B	.3B	25.3B
MargDebt- top (300M)	monthly OCT.	283B
ETF:Eqty/Int'l/Bond	million$$ OCT.	615/265/174
2-yr Tsy Yield: Inflation		0.23%	0.23%
Euro futures	1 yr.offset	5.78M
	CommHedg

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"OFF" DEMARK: