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Strategies & Market Trends : Effective Collaboration - Team Research for Better Returns:

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To: Return to Sender who wrote (2031)	4/30/2013 2:23:02 PM
From: The Ox	Read Replies (2) of 8239

I'm not looking for a long term market top here. I think we need (could use) a back fill move to keep the bull market running strong. I'm looking for something more intermediate term, where we'll see something in the nature of 6% to 9% down for a few weeks to a few months. Something (possibly) similar to what we saw from Sept to Nov last year (around 8%). A move which will get the bulls seriously worried and one that will get the bears nice and frothy, as they will believe that "they've been right all along". Even something of shorter duration would be healthy at this point, 4% or 5%, to the 1510 or 1530 range wouldn't hurt this market one bit. Whether that happens here or in a few months is anyone's guess but I'm seeing more charts that are rolling over or turning down to make me think it's coming sooner rather than later. I don't discount that we may just keep heading higher into a longer term market top. I think we'll need more negative news out of the world than we have at the moment to make that happen.

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