As of today (02/07/2011), Dow is only one over-bought (RSI hit 75, above 70).
Nasdaq, QQQQ, even SPX500 are all under RSI 70.
Give them few more days, bear eventually will come over.
I am looking forward to fat-tail. still hold 95% position. But after Jan, thought about many times to close my positions.
Not a long, just timing and swinging.