Very Bearish on the Stockmarket for the following 3 reasons: 1.) Too much Bullish Sentiment. 2.) Feb. 19th highs came 342 trading days from last turning point and fits in with his 346 TDS cycle. 3.) S&P retraced 50% of the 2000 decline, and stopped right at the 50% retracement, which also was where a 1/3rd speed/resistance line came through ( Edson Gould ). He also said that the best thing that the market could do right here is go "sideways". He also noted that we had 3 consecutive days last week in which the closing TRIN was > 2.35 This has not happened since the 1950's, in which a bottom was put in.