You very well know my position that I believe that the market has topped or in the topping process and will decline into 2016 bottom from this point, to the tune of 20-40%. What is interesting at this juncture is that we are looking for a technical confirmation that it is indeed true.
At least in the short term the market is a little bit oversold. I would wait for a technical pullback to the upside and then wait for the resumption of the bear market. I think we are a few weeks away from any such technical confirmation, but it pays to know exactly where we are.
My timing work shows that there is a slight possibility (about 20%) that this bull run will end in March of 2014. However, even if such is the case, the market won’t go that much higher here.
I’m impressed, Ihave to admit. Rarely do I encounter a blog that’s both equally educative and amusing, and let me tell you, you’ve hit the nail on the head.
The problem is something not enough men and women are speaking
intelligently about. Now i’m very happy I came across this during my search for something regarding this.