So we were brought back from the brink. The market tried to break, it really did.It even had a mini "whoosh" in the middle of the morning, but you might have noticed that two factors missing from that whoosh have been present in previous, really good whooshes. The first is that the VIX did not jump -- in fact, it barely moved off the level it's been. The other factor is that in previous whooshes the advance/decline line, not the market averages, has typically led the rally. This time we had the Dow Jones Industrial Average and S&P 500 hanging tough and the a/d not keeping pace. It's sort of like an old-fashioned negative divergence. I believe that is the result of the group rotation we continue to see. This rotation lasts for about two or three days at most, but it continues to keep the market averages from breaking down. And it makes us all daytraders. On Tuesday, it was the banks that worked the upside. They continued again yesterday, but we all know that another couple of days and they too will falter. Then on Wednesday folks liked the retailers, and maybe they will keep liking them for another day or so before they scamper on to something else. What will that something else be? Well, we know they will eventually get around to tech -- they always do. In the meantime the new lows on Nasdaq continue to expand while the new lows on the NYSE contract. Couple this with the oscillators being close to the same levels they were at in mid-February and we have the potential for another lousy rally.