Thanks Lee, I started looking at the charts & thinking about my recent analysis, which as been on the light side, & figured that you were probably referring to the new high in QQQ today although SPY, MDY, IWM & even DIA (which I hardly follow as it is not a very diversified index) have all failed to confirm the new highs in the QQQ so far. At this point, I would put it at about coin-toss odds whether any or all of those indices take out & close above the Dec highs before a meaningful reversal.