Nearly one year after the last "top" everyone is a wizard. The last straw a year ago.... Along with popping metals and energy. http://www.marketwatch.com/News/Sto...0065-90D3-4AB5-850E-F01FCA278D5D}&siteId=mktw
And the cpi report on May 17, nearly 10% correction. Long and short of it, get out under 12666 on the ym. http://money.cnn.com/2006/05/17/markets/markets_newyork/index.htm
Im not predicting a market top. Im saying that we will have 2.5 months of fun followed by a 10% correction and then another end of the year wrap up just like last year. I came to this conclusion through math and charting. 2008 will be the questionable time period.