1-20-2008

INDEX	TREND	Days	MCAD	DAYS	50MA	days	RSI	days
DJIA	down		down		down		34.97
SP500	down		down		down		34.44
NASDAQ100	down		down		down	1(1/20/09)	40.08
SMH	down		down		down	1(1/20/09)     43.02
XLF	down		down		down		24.57
FXI	down		down		down		34.15
DBA	down	1(1/20/09)	down		up		48.79
TLT	down	1(1/20/09)	down		up		51.06
VIX	56.65 and trending higher

Comments:
   1).  XLF is the only one that is being oversold.
   2).  Number of stock above 50 MA in NASDAQ is 30.  far from oversold.
   3). it reminds me of last September when we had consective down days yet the market remain unsold.

basic strategy is to sell to the rally.