Seemingly excessive optimism from wrong-way odd lot traders suggests we need a breather here.

Our shortest-term measures continue to wallow around in neutral territory, and they still show no clear edge in either direction.

The more volume going into up issues, the lower the TRIN is going to be. There has been some buying pressure.

The true historic extremes we saw over the past week or so lent a lot of credence to the likelihood of higher prices over the next 60 to 90 days and beyond. But I am very troubled by the inability of the broader market to rally in the face of these readings.

There aren't many (scattered lots) under $150,000,just a few here and there.

What passes for optimism is most often the effect of an intellectual error.