I would love to see the index approach and possibly surpass the marked level. I would also love to see the oscillators that I mention to go back to the overbought levels and live there for at least 2 days straight. NYSE McClellan above 90 (100 preferred), NYSE/S&P % above 50 DMA above 80, Put/Call below 0.75, Nasdaq % above 50 DMA above 85. If these oscillators get to these levels I will go short 50% on a rally, trying to pick a top. Then wait for some resistance/consolidation to show before adding another 50% short. Stop will be placed above recent high after consolidation.
