This is not a top call by any means whatsoever. I've been posting how I've been long, with stops tight and smaller than average positions. I've also been on record as to saying that this market move up last march began with QE, and I believe it will end with QE when QE expires at the end of this month. There may be a slight lag, but that's what I believe. However, in looking at the currency markets, I'm not seeing the same moves I saw for the last 11.5 months in new highs of the market. Consider some pairs: AUD/USD - used to be tied heavily to equity appreciation. For the last two weeks it's having a hard time getting to 92 and keeping it, when in the recent past it had no problem going towards .94. AUD/JPY - one of the best correlated markets with equities (with the exception of EUR/JPY, which has it's own Euro related problems). Hasn't hit new highs either. Or what about the commodities? Gold? Nope. Silver? Un uh. Hmm... Makes me thing this is telegraphing the next move to come.