[isatrader]

From the charts I am plotting it all looks quite bearish. However, the P&F is an interesting counterpoint.

The Percentage of Stocks is usually an early mover, and can be months ahead sometimes, hence why the Weight of Evidence approach in the method is very important as we'll need to see similar signals in other breadth charts develop also for the Weight of Evidence to become bullish. But I see it as a sign to start doing some initial long research again and to begin generating a watchlist of stocks that could be potential early leaders when the Stage 4 ends. But research is all I'll be doing until the Weight of Evidence becomes bullish and the market moves into Stage 1 at least. So I'm not expecting to do anything much for a while still, but want to be ready if things change sooner than I expect to start building a new portfolio.