PERFECT HEAD & SHOULDER'S TOP FORMS IN IBM, JUST LIKE NASDAQ 100 ...
This may occur fast w/out much of an exit door for those with weak stomachs. this market is going up w/out copper confirmation as well as higher u.s. Dollar, strapping multi-nationals on oversea's profits. when everyone chants "it's different now, just buy anything with a ticker symbol", you've already seen the top. just watch and learn boys and girls. it is here!!!
you may be right and your timing might be off. Noone really knows when the correction will occur. It may not be until 2014. Who can say for sure? We had people in 2011 saying the same thing about the imminent correction.
Uh, yeah, I would usually agree with you on this point. However, there really is a meg-divergence forming between money flow indicators, both Chalkin and outright MFI patterns. You are seeing fewer leaders to this bull and lower and lower money flow on just about every chart you can pull up. I'm not in disagreement to be simply ... adverse to your opinion. I would say that you can count off 10 days from today and within those 10 days you shall see the beginning of this overextended market correction. Let's just see what happens. Then you tell me what you think of my estimate for a correction on the horizon.