GETTING SENTIMENTAL:

The quickest way to double your money is
to fold it in half and put it back in your pocket.

Markets are still having trouble getting through resistance: triple zero (the DJIA at 13,000); the S&P 500, 1370 prior top, etc. Technically this works because people who bought there are selling to get even, and technicians are aware of this - so it is self-fulfilling.

 In Wyckoff jargon, the current Trading Range is transfer of shares either from strong hands to weak (for a Distribution) or the opposite (ReAccumulation). Future direction will give the answer.

No new extremes to report, only a Regression from the recent ones - put/calls at 68; Bullish % at 83; CEO selling still high. Here are the numbers:

Date>		3/8/2012	3/1/2012
Indices:	DJIA	12922	12977..
	NAZ	2988	2976
	SPX	1370	1369
NASD/NYSE	WklyVolume (Bshs).	8.3/3.7	9.3/4.1
nasd/nyse	Specul.Ratio hi=bullish	2.24	2.27
Sentiment:	put/call-CBOE	68	63
Barron's	VIX>50-alltmlow=8.8	17.1	17.3
	Advance/Dec-NYSE..	1667/1475	1401/1759..
	Weekly Net:	192	-358
	Cumulative:	133415	133223
Weekly	NYSE hi/low	248/46	383/27
New Hi's/Low's	Nasdaq h/l	177/88	236/63
McClellan	Oscillator	0	-37
McClellan Sum	.+750/-1000	912	1116
Newsletter	Inv.Intel -Bull:tues	47.9	51.1
Surveys	Bear:-5yrs	26.6	25.5
	AAII  -Bull :wed.	42.4	44.5
	Bear	29	26.8
COT:Change w/w	large/small (net)k	(9)/20	(5)/24
CEOinsider	selling	34:1	45:1
BalticDryIndex	GlobalEcon	771	763
3-box rev	Bullish%-	83	85
US equity -ICI	Fund Flows	1 wk lag	(3.1B)
MMF flows	Change in $B	(7.0B)	(13.1B)
MargDebt- top (300M)	monthly OCT.
ETF:Eqty/Int'l/Bond	million$$ OCT.
2-yr Tsy Yield: Inflation		0.33%	0.28%
Euro futures	1 yr.offset-CommHedg	5.23	5.19