We are still impressed by the internal momentum driving this market since the beginning of the month of January. The cumulative advance/decline line recovered almost the level reached at the end of the month of September. The closing Tick index closes almost everyday at a high level, indicating that money flow is coming back into this market, especially in ETF’s and mutual funds. Breadth closed again on a strong note : 2890 stocks advanced compared to 906 that settled down and the list of new highs is expanding. There is still, in our various scenarios, a possibility that a swift selloff materializes, bringing prices back to the 2600 area, a last opportunity to buy this market.