The bubble has started to deflate in some hot spots of the market, prices accelerated on the downside and the Nasdaq composite index couldn’t hold above its pivotal point we mentioned in our previous comments. Hedging activity increased somehow in the option market whereas bargain hunters were still at work in the cash market as measured by our buying/selling index. The weekly investment survey among private investors improved somehow although greed is still exceeding fear.

Very short term oscillator	Negative -
Short term oscillator	Negative -
RVI trend	Negative -
Trend short term (5 days)	Down ​​
Trend mid term (8 days)	Down ​​
Differential of trends	Down ​​
Risk profile	72 (scale of 1 (low risk) to 100 (high risk))