02-15-2012 outlook and comments

In order to top (and turn down) it seems common sense - money has to quit flowing into stocks and turn down.  Can you agree with that?  So what is the Money Flow for the SPX telling us?  Take a look:

I have tried to update/refine the SPX chart:

It appears to me the 22TD cycle has topped and the Wall cycle (20 week) is at/near a top.  I expect we could be into a pullback by the end of the week or early next week.  We will see.

GL traders