It will come in 2.5 months. The Wilshire 5000 will be at 16150 and it will be a selloff to 14535 or the 65 week moving average at that period in time. Oil will be around $80 per barrel. The correction will probably be initiated by the June 27th meeting when the Fed will increase rates due to inflation. When oil exceeds $70 per barrel then there will be a return to the old junky small cap drilling stocks that made a big hit in 2006. Some will probably double or triple in short time. The correction will not be the end to the bull market, but investors will view it as another time to buy the dips. The market will rally to 16958 by the year end after the correction is over. It will be 13% higher then where it sits today. By the end of the year, the spirit will be very bullish and at that time we should re-examine if the bull market can continue. The end of the bull market will be marked with oil reaching the target price of $130 per barrel and interest rates spiking up to new highs as the Fed continues its firming to guard against inflation (which will be an oil induced inflation). As oil goes higher, the profits of companies will be cut into. In between now and next correction, you should take full advantage and buy stocks only moving up with the market. Stocks like RACK will be left behind while the McDonalds of the world will be bought and sold higher. Basically stocks that move higher will have some type of international influence. There will be a recession in the United States sometime in 2008. However, the recession will not be what causes the market to go down. The question of growth in the foreign markets will be what makes the market go down. Interest rates and oil will steadily move higher in this next leg. Watch the ISEE options sentiment. During the next 2.5 months, the ten day moving average will sail up to 140 and hang there. Then the average will start moving down and a cautionary signal will be raised when the average hovers in the 120s.