MAY DAY (M'AIDEZ):

In one of the rarest occasions, next week's blog will be MIA, as I shall be incommunicado on vacation at Lake Tahoe, playing the real casino instead of the stock market. I'll have my trusty Droid to keep up with the markets, but will not be able to post Sentiment results.

Today's large drop only validates the Sentiment signals blaring out since the first of the year (see previous blogs). We have yet to break to a new high greater than February's and remain in a Trading Range.

Notable extremes include the VIX, at 15, but also the CBOE put/call ratio, high, at 64. The Investors' Intelligence Bull/Bear ratio remains wide (complacent), with the Bullish % toppy at 80%.

MktSentiment	Last Week	Prev. Week	5 Yr HI	5 Yr LOW
DJIA:	12341	12380	14093	6626
Nasdaq:	2764	2780	2861	1114
S&P 500:	1319	1328	1561	683
CBOE Eq. put/call:	64	57	96-10/08	46-1/03
VIX:	15.3	17.9	90	8.8
McClellan Osc:	(16)	(5)	108	(123)
McClellan Sum:	556	736	1568	(1514)
Newsletter Surveys
InvestorsIntel.Bull:	55.4	57.3	63	22.21
InvestorsIntel.Bear:	16.3	15.7	54.4	16
AAII Bull:	42.2	43.6	n/a	n/a
AAII Bear:	31.0	28.8	n/a	n/a
US Equity-1 week lag	n/a	(.3B)
Money Market Flows	2.3B	8.3B
Baltic Dry Index:	1296	1430	11700	663
Bullish %:	80	82	89	2
Insider Corporate Sellers:	22:1	45:1	198:1	2.4:1

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MAY DAY (M'AIDEZ):