This correction will last until ~12/18 and take us down to lows last seen mid April ~51.
I suspect that there may be 1 weak push up between now and 10/5, taking us no higher than 146. But in any case, by 10/7 it should be clear that the a correction is at hand.
My suggestion is to keep your powder dry, because this will likely be the last move down of the 2013 bear market (an E wave). You will want to be able to buy at or near the low shortly before Christmas, because 2014 will likely be a great year for bulls...
I suspect that there may be 1 weak push up between now and 10/5, taking us no higher than 146. But in any case, by 10/7 it should be clear that the a correction is at hand.
My suggestion is to keep your powder dry, because this will likely be the last move down of the 2013 bear market (an E wave). You will want to be able to buy at or near the low shortly before Christmas, because 2014 will likely be a great year for bulls...