Zeev's Turnips Patch-No Politics (ZEEV)

[mike_m]

Typically, in a bull market corrections are limited by about 7% drops...That would put about a 1562 floor on the correction. We are indeed due for a slide. The topping action is near complete....with a few days of up moves on poor breadth and diminishing leadership. The decline, if it materializes, won't be pretty but should be over rather quickly.