NERVOUS BREAKDOWN:

Many of the technicians and media talking heads are focused on the S&P500 Support level of 1085, which we broke through last week. More often than not, once a breakdown occurs through support, a retest to the "Ice" also happens - if it fails, the market recedes still more.

SPECIAL NOTE: Due to the advice of my IT I am changing my email from aol to: brentleonard59@gmail.com.
Please make this change - aol will forward for awhile yet.

Nothing spectacular from the Sentiment world. I did notice the last time the AAII Bears exceeded the Bulls was on Nov.6, the start of a nice rally. Volume picked up to new recent highs, but hardly a climactic capitulation. One other extreme was the McClellan Oscillator at -93, after not following my advice to turn the market up last week - this makes it more serious. Most other Indicators just regressed towards their means.

Here's the numbers:

MktSentiment	Last Week	Prev. Week	5 Yr HI	5 Yr LOW
DJIA:	10067	10172	14093	6626
Nasdaq:	2147	2205	2805	1114
S&P 500:	1073	1091	1561	683
CBOE Eq. put/call:	68	68	96-10/08	46-1/03
VIX:	24.6	27.3	90	8.8
McClellan Osc:	-93	-79	108	-100
McClellan Sum:	546	930	1568	-1514
Newsletter Surveys
InvestorsIntel.Bull:	40.0	52.2	63	22.21
InvestorsIntel.Bear:	23.3	18.9	54.4	16
AAII Bull:	35.0	40.0	n/a	n/a
AAII Bear:	36.7	34.7	n/a	n/a
Nova/Ursa Mutual Funds:	0.68	0.79	2.2	0.56
US Equity Flows	1 week lag	1.3B
Money Market Flows	-21.9B	-46.0B
ETF equity:Monthly Totals	Dec.777B	Nov.738BB
Baltic Dry Index:	3223	3170	11700	663
Bullish %:	73	77	88	2
Insider Corporate Sellers:	8:1	14:1	108:1	2.4:1

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NERVOUS BREAKDOWN: