As it turns out, the Two-Second Indicator has been vindicated, at least for now, as the sharp retreat in the market was reversed during the past few days. All the major indexes are back above their 50-day moving averages, and thus, the Cabot Tides have rejoined the Two-Second Indicator in bullish territory. With that said, I am not a raging bull right this second. Far fewer stocks are looking good today compared to just a couple of weeks ago-a minor divergence that, while not totally unexpected (leadership narrows as bull markets progress), does tell you that buying power is...