For the third time since the 7 (July) / 09' low
the DJI,SPX,and the RUT a couple points shy.
(don't mind it's triple top)
have all completed their standard point/pattern gains
which heretofore preceded the nominal 18% correction.
It is time for that 18% correction.
It should come NOW.
IMO, The only thing keeping that correction from occurring NOW
is if this is the final parabolic wave 5 up.
Which if this is the final wave 5 up completing the bull run from 09'
similarly to wave 1,it will bypass the normal correction.
But the FED is manipulating and propping. Market should be down considerably from where it is now but with interest rates near zero and the lions share retiring in under 5 years the market has to stay up and the fed will make sure. QE has absolutely no expiration date here... I expect 2013 to be a great year for stocks. Oh, the crash will come, but not soon.