Sanjay, yes Typekey gives you access to making comments here, but it is an independent service.

Market breadth is one of the sentiment indicators, which in turn is part of technical analysis. Yes, I look at it among several other technical tools, as well as corporate fundamentals, quantitative measures and macro-economics. Then I make up my mind.

Sentiment or market psychology (also called behavioral finance) is what I wrote about earlier.

With respect to my perspective regarding a short-term reversal in certain markets -- like gold and $USD -- based on market psychology, there has to be a gun go off to frighten the herd into changing course.

As we get close to cyclic reversals, I simply look to TV and the data points that are commonly used. The U.S. Jobs Report is a big one, and has been for quite a while.

But then, it takes the public a while to learn the data point and feel they can interpret it. That's all part of the sting.

Beneath the surface there is a reason for these constant cycles you see in markets: the sell-side needs you to trade more, and the buy-side wants unsophisticated traders to trade more.

And that's the reason they have Talking Heads do their schtick. It's all vaudeville, and that's why I often call these people clowns.

Every cycle there is a different data point used. It used to be M3, a few years ago. But the Administration got sensitive to that one, so it was changed to the Jobs Report.

Who knows, some day it could become the Big Mac International Price Index. There is always some credible aspect to the data point, but the game is all in the spin.