Weekly Summary

From the charts that I have seen, only the housing index gives a strong sell, the rest, only a weak sell. So, my conclusion is that the current sell off is just a normal correction.

USA	Monthly	Weekly	Daily
S&P500	Up	Up	Neutral
DJI	Up	Up	Neutral (-)
NasdaqComp	Up	Up	Neutral (-)
DJ Transport	Up	Neutral (-)	Down (-)
DJ Utility	Up	Neutral (-)	Down (-)
Russell 2000	Up	Neutral (-)	Down (-)
AMEX Airline	Up	Neutral (-)	Down (-)
AMEX Biotech	Up	Neutral (-)	Down (-)
AMEX Gold Bugs	Up	Neutral (-)	Neutral
AMEX Natural Gas	Up	Up	Neutral
AMEX Oil	Up	Up	Neutral (-)
AMEX Security Broker	Up	Neutral (-)	Neutral
AMEX Telco	Up	Neutral (-)	Neutral
KBW Bank	Up	Neutral (-)	Down (-)
KBW Insurance	Up	Neutral (-)	Down (-)
PHLX Housing	Up	Neutral	Down (-)
PHLX Semiconductor	Up	Neutral (-)	Down (-)
S&P Retail	Up	Up	Neutral (-)