WHIPSAW WEEK:

In a classic whipsaw last week, due to the storm closures, the markets experienced a Candlestick Doji on Hallowe'en, followed by huge back to back days going nowhere. As investors and voters wait on tenterhooks for the election results ( hopefully sometime Tuesday night despite east coast problems), markets remain sideways.
It is obviously hard to tell what markets will do based on the results - an Obama victory would keep much of the Fiscal Cliff alive - PPACA, benefits, (Debt), etc., while a Romney victory would see the Bernanke put expire worthless, ending the sugar high equities markets.

 Because of the two-day hiatus Volume was low, but still a speculative 2.29:1 ratio of NASD to NYSE; the  CBOE equity put/call ratio lessened a bit, but still high (Bullish). Breadth ( Advance to Declines) swung mightily from negative to positive, as did NASD new highs/lows. Newsletter surveys came out despite the storm (Tues. & Wed. results) but diverged widely, as shown below.

The McClellan Oscillator is still negative while its cumulative Summation is headed down to zero - don't expect a new Bull market until it bottoms out well below the zero line, if past is prologue.
Finally, over $22B came out of MMFunds last week.

Here are the numbers:

Date>		11/2/2012	10/26/2012
Indices:	DJIA	13093	13107
	NAZ	2982	2987
	SPX	1414	1411
WklyVolume (Bshs).
NASD/NYSE		5.5/2.4	9.0/3.4
Specul.Ratio hi=bullish		2.29*	2.65
nasd/nyse
Sentiment:	put/call-CBOE	68	75
VIX>50-alltmlow=8.8		17.6	17.8
Advance/Dec-NYSE..		1919/1222	1151/1998
Weekly Net:		697	-847
Cumulative:		141883	141186
Weekly	NYSE hi/low	318/87	231/113
New Hi's/Low's	Nasdaq h/l	169/138	117/186
McClellan	Oscillator	-19	-37
McClellanSum	.+750/-1000	339	381
Newsletter	Inv.Intel -Bull:tues	41.5	41.5
Surveys	Bear:-5yrs	27.7	27.7
	AAII  -Bull :wed.	35.7	29.2
	Bear	23.3	43.1
COT:Change w/w	large/small (net)k	1/24.	(3)/30
CEOinsider	selling	13:1	55:1
3-box rev	Bullish%-	70	69
US equity -ICI	Fund Flows	1weeklag	(1.9B)
MMF flows	Change in $B	(22.7B)	.9B
MargDebt- top (300M)	monthly	287B	AUG.:
ETF:Eqty/	Int'l/Bond	715/270/230	AUG.:
Assets in	Billion$$ .	week
2-yr Tsy Yield: Inflation		0.29%	0.31%

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WHIPSAW WEEK: