I have placed a bet on a quick sell off and a downturn.
Looking at my DOW charts from Oct 2003 until October 2007 (about a 48 month bull run) You can clearly see the segmented bull runs contracting and the minor corrections compressing. We all know what happened after that.
Equally I have regarded March 2009 with the DOW chart until now and it is practically a carbon copy. The segmented bull runs have equally contracted and the minor correction have compressed.
It is my opinion that this is going to culminate with in 2 weeks for a 500pt drop, equally we will stabilize after that as we did in the Oct-Dec 2007 time frame. Everyone will breathe and reassess. Unfortunately I believe the real correction will then occur ending in the middle of March at which point I will rebuy EVERYTHING I sold the other day. We are definitely headed to DOW 18,000 or somewhere stratospheric but for now I feel we have finally reached the moment of truth.
Heavy duty assessment which I will be more than happy to eat and reverse my positions. If I am right things will of course play out. If I am wrong, I will clearly be proven wrong in short order.