Will NDX-SPX ratio beg to differ?

I don't know and really, since I think I am set up correctly here (not over extended on the short side and more than offset by bullish gold stock positions), I guess I don't really care because if the shorts work out, the goldies will probably get hit and if the shorts fail, the gold stocks should continue bullishly.

If the weekly NDX-SPX ratio were to break to multi-year highs, one would have to be cautious from the short side I guess, because it would imply that speculative spirits are still in force and should not be fought. The NDX-DOW ratio has already broken to the upside, but I will consider the NDX-SPX a more telling signal. Ain't markets fun?