I'm good to go then in conveying this (your post confirms my thought on a short term correction ...)
Yes, a correction is coming. It will be short lived in that a slope of hope, intervention, and risk taking is going to keep the indexes up. For the intermediate term? Bull. But the long term? Bear.
No matter what chart I look at, no matter what lingering problem is out there, they all look like the day of reckoning can be postponed until mid-2010.
Lots of shoes will drop at that point. And... believe it or not... that's when I think the r-e-a-l Wave 2 top will be. Take any author or technician that I follow & I'll bet they take g-o-o-d argument with me. In fact, they'd say "prove it". But I trully believe the cycle low lives in mid 2010. Many cycles should bottom at that point.
