The ratio of midcap to large cap. The change of the ratio brkout could be caused by two different reasons: 1) the midcap is rallying up and cause the ratio brkout high, this could be a good indicator for the upmove. 2) the large cap is falling fast, this could be another good sign that the mkt is topped, and the institutional traders are dumping the position.
This time, the ratio is about top and very high. Now, the midcap is moving up, and the large cap is laging and lowing down. So, this could be a sign that mkt is about to reach the short term high and start the process for the consolidation.
Compare to the small cap and midcap, it seems still the small cap is lagging behind the midcap, since Mar. 2009. So, it is saying the mkt is still not bullish enough and dominated by the institutional traders and public trader are not aggressively enter the mkt.
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