The McClellan Index 55 day RSI finally fell out of overbought territory. It looks like we've reached a temporary slowing point in the decline of the index itself. Notice that we have seen slight distribution behind the scenes since early February as some of the worst performing stocks (since 2009) that make up the large indexes rally.
My short term indexes are pretty much back in overbought territory. The medium and long term never left.
"That the sons of God saw the daughters of men that they were fair; and they took them wives of all which they chose."