"my gut does better than my mind"
Likewise, Mlsoft. Mine got me mostly out of the market in early 2000 with a small amount of core positions left, a mistake. I and the market have whittled those down ever since. I came up with the currently popular market scenario about a year ago, after about a year hiatus from the market ( to the glee of my wife ), but I as well feel that this now is unlikely to unfold and that a slow grind, as I think you suggest, is in the cards. At least that is what my gut is doing. However, I believe also that this is a murphy's market and anything can happen. I for one did not expect a 3000 point rall after 9/27.
By the way, did you ever take a look at Nova Gold? I thought .28 cents was a good price. Good luck, Benj