The stock market followed through in a counter trend correction and may soon challenge the 2750-2800 area we mentionned in our previous comment. Breadth closed on a strong note : 2793 stocks settled upwards compared to 888 that finished lower. Daily sentiment indicators deteriorated rapidly as options traders jumped into calls to catch the upmove. The weekly sentiment survey among professional portfolio managers points out again, in our opinion, to an excess of optimism at this stage of the cycle. Systematic models are starting to turn up which may attract renewed buying pressure.