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(2/8/14)
The move down from the 1851 high in the S&P 500 certainly
looks like a simple "ABC" Zig Zag" so the common theme would be
for it to make one more new high above 1851 at some point. 
However what's a little disturbing is that there was no panic
with the recent 6% drop as the Put to Call Ratio hasn't even risen above the 1.0
level for the last several days. In fact with all of the other pullbacks
the past few years (points a to b) the Put to Call Ratio rose above the 1.20
level each time (points c). Thus it will be interesting to see how
this turns out. 
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