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[ds]

One of the lingering doubts at the kick-off to the current cyclical (secular?) Bull Market was the very high ISE readings for Equity compared to Index-ETF back in March of '09 to June '09. The Smart Money didn't seem to be buying in while the small investor was backing up the truck for that entire time frame. I see the current situation as being somewhat analogous. There is a huge discrepancy between Equity and Index-ETF and I'm wondering if this isn't the same "hook" to keep this move in doubt. I am partially long and started buying on June 17. I do not expect to be buying today, and I imagine I have lots of company in that sentiment.

http://www.ise.com/W...c...&link1=true