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To: bruwin who wrote (3684)	9/29/2014 2:30:22 PM
From: The Ox	Respond to of 8288

If you look at a 4 month chart of the S+P 500, we are right in the middle of it. Any time we've been on the downward side of the slope for the past year or so, most people start to question whether or not we should be moving into correction mode. It could very well be that "its time" for the correction to take hold. However, we've come down roughly 75 pts off the highs (-3%) but are also roughly 75 pts above the last low seen in early August. RIght in the middle. Add in the end of the quarter adjusting, the very strong changes in currency this month plus a few other factors and I'm not quite ready to say that we should be putting on our bear suits. I think any trader should be concerned and not dismiss the possibility. Except for the 3 day spike to new highs during quadruple witching, we've been seeing mostly red this month. One should take notice of the larger intraday swings and that is often a sign of indecision. Earnings season is right around the corner and I continue to assume that will do more to dictate where we head from here.

To: bruwin who wrote (3684)	9/29/2014 4:07:45 PM
From: Return to Sender	Respond to of 8288

Lets keep in mind that the top in 2007 came in October as well. Most people think October is a rotten month for the market while in truth it is usually a very good month. The market often has formed tremendous bottoms after bear markets in the month of October when the selling finally peters out. Of course we are now in the 7th longest bull market run ever for the last 82 years. It would not surprise me if the market rallied up to at least one more new high, maybe more, but the number of stocks on the new low list is expanding while fewer and fewer stocks have been hitting new highs. Market do correct. Reasons are assigned afterwards by many. But technical analysis, market breadth analysis and sentiment analysis can help one see a correction coming. Me personally I have correctly called one of the last 17 tops I saw forming. In other words I don't have a good track record calling tops at all. What I do know is the market is not cheap here no matter what anyone might tell you. RtS