>Actually – let’s not panic. It’s probably too late to matter. I see what’s going on = the indexes broke out of a base, but then failed to follow-through and keep going up. We like to see volume pick up, but instead it quieted down. Then on June 5th we saw a swing upward in the Number of Climax Highs indicator, which coincided with a Climax High signal in the Russell-3000 index ETA (symbol IWV) which we’ve been using as our main market index ever since the volume data on symbols DJIA and NASDAQ quit working.
The Climax High signal marked the exact top (as it tends to do with amazing regularity).