Thanks for your posts. I have noticeced int he past that important tops take time to form, and financial stocks decline before the final top, and material stocks often do the best at the end.
we are not seeing that now.
Last, before the bear if 1987, 1990, 2000, and 2007 we got a 10% correction followed by a run to new highs on the naz, but not on the dow or spx some of those tops (1987 and 2000).
I am a super bear, but although a 5% correction with a big down day could form this week, my gut is the bigger move is going to be the next rally, although am not expecting new highs on most of the averages.
the most relaiable indictor recently has been the trin. When it was high on rallies, they kept going. When it was low on declines, they kept falling. It has been low the past week on this decline.
Need to see vix over 17 and trin over 2 to go long.
