Longer-term, I am about 99% sure (never want to be 100% sure in any market) that we are topping here and starting a significant correction. The patterns are there on both individual stocks and the overall indices for this correction to occur. It just might not happen immediately without some last-ditch efforts by the bulls. So basically, my main outlook is that any bounces into the short-term moving averages on stocks or ETFs are shortable and I will wait for a few of these before getting heavily short. Again, this is just a hunch.
I hope at least some of that makes sense. Good luck next week - may be slow once again early on due to the holiday. Take care.
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