Small rally maybe near it's end...

Using the important swing data points from the March '09 rally bottom
to the presumed Jan '10 top, We see a narrowing of the range of the high and low
data at the .125 (1/8) node and the .250 (1/4) node, for the Russell 2000
and $NDX, respectively. These numbers refer to the present values on
the 'x' axis. Important nodes differ by powers of two (1/8,1/4,1/2, 1,etc.)...

This means we could be at or near the top of the
smaller scale rally that started with the bottom on February 5th. On
the $NDX, the candlestick we see is a 'hanging man' often seen at tops.
We need a day or two for confirmation on this.....

Short term sentiment is also getting fairly extreme...

From http://www.sentimentrader.com/