SPRING HOPES ETERNAL:

Possibly a contrarian indicator, mutual fund inflows for both stocks and bonds were huge for January and February, per ICI. Weekly Declines beat out Advances by 400, but NY new highs were 8:1. Key insider selling again rose to 30:1 over buyers (doubling last week), with Techs, Consumer Services and Energy leading the way - leading buyers were in the Energy (also) and Finance sectors.
Standard & Poors Tech Analyst - Arbeter, sees a 16% rise this summer, with April historically being the best month of the year, per Stock Trader's Almanac. Nota bene, the 9-1 Up/Down Volume factor twice recently.
Nasdaq short interest rose 12% last month to a record. Plenty of bricks abound in the Wall of Worry. One number I regard as suspect is the recent IBD Public to Specialist shorting almost doubling its old high to 12.4 - this may be a bad number, and one to shelve for awhile.
Here are the weeklies:
Mktsentiment. 3/30/2007......5Yr.HI........ LOW

DJIA ………. 12354...........12767...........7286
Nasdaq………. 2422............2515............1114
S&P500…….. 1421............1455............776
CBOE Equity put/call .72............87-5/04........46-1/03

VIX ………. 14.64..........44 9/02........10.0-11/06

ISEE-call/put ……. 94...........299-12/04.......68 - 3/9/07
(>200/Bearish)

McClel Osc……………0...............91-5/04.........(81)-5/04
McClelSum…………… 660..........1568-6/03.......(726)-5/04

Newsletter Surveys:
Inv.Intel -Bull:…..…. ..48.4...........62.9-12/04......35-6/06
Bear:………… 27.5 .........38.2-3/03.......16-6/03

AAII-Bull/Bear ……….43.9/33.1....n/a n/a
MarketVane Bulls…. 70......... 73..............24

Birinyi Blogger
Bull/Bear Poll …………30.3/30.3
Bullish%- ……….…71...............88 -2/04...... 46-8/04

*Insider corporate sellers 30:1