Trader Update -data point 6 February 2012-

...in one big sweep (Trin: *0.58), the market took out the 25 January 2012 High *1328.30 and the 26 January 2012 High *1333.47 and closed higher *1344.90, above the 25 July 2011 High *1344.32 - the intraday High *1345.34 penetrades the 31 May/1 June 2011 High *1345.20 - suggests dermination to challenge the *1350/*1360 level into the 2 May 2011 TOP *1370.58 level

...the VIX trade closed *17.10 outside of the descending wedge with bullish implications - as long as it does not jump back to set a bearish tone into the market

...and the small investor drives the market stampede up to the 31 January 2011 - nice - 80% portfolio protection in place

Kind Regards