NYSE McClellan vulnerable again......Cyprus?

NYSE McClellan Oscillator @ Close 03/15/2013

The New Highs scored after the late February 'dip' have NOT been matched by a similar move in the McClellan; leaving the market (NYSE) vulnerable to exactly the weekend's developments regarding Cyprus & the renewed concerns this will raise with the EMU & the other PIIGS debt.
Just when you thought the 'coast was clear'........

NYSE & NASD McClellan both BELOW ZERO......

NYSE Daily McClellan Chart 02/28/2013

If one is a short- term tactical type? Short.
If one is more medium- term & long; sell some.
If one is simply nervous & been around markets a long time; some S&P500 1250 3- Month Puts may just be the 'call'.
Any way one looks @ it; EXIT looks the way of it?
Not advice; just saying.