I agree with MC on this. Swift corrections are pretty common if it's a wave 2, and despite things like the VIX and various ratios that say we should be topping, price action implies otherwise <g>
At the moment, the best way to look at the charts and be bearish, imo is to have a predetermined bias. Sure, this might still be a B up or something else (B up even if we take out the recent highs), but the action doesn't look like it's about to reverse to me.
the freep
Market Data 
Markets 
