Trader Update -data point 7 February 2012-

Richard Russell: "If you listen carefully, you can hear the heart-beat of the market. It’s a slow, heavy beat, as if the market is waiting for something. That something is going to be BIG. Bigger than what anyone is expecting"
http://pragcap.com/richard-russell-2012s-market-moving-event-will-be-an-iranisrael-war

...Friday showed another increase in Liquidity while in high inflow territory

...the VIX closed firmly inside the descending wedge keeping bearish undertones alive

stocktiming.com: the Institutional Index 'Core' holdings negatively divergent with the rest of the markets - concerns are that the amount of inflowing Lliquidity has not lifted all the boats in the water in the same manner by this sea of money - Institutional Investors are disturbed, it is "not their liquidity" driving the market and their stocks are not moving at the same pace when they should  

...as a result, 80% portfolio protection in place

Kind Regards