Equity Market Comment - HEDGE YOURSELF!

It appears that the equity markets have finally entered into a corrective pattern and quite honestly with all of the negative divergences it could be quite nasty.

I have a Hedge in place and will keep it there until the picture becomes clearer about if this will be just a correction of the rally off the March Lows or if this will be a correction of a larger magnitude.

Myself, I think with the Yearly Model calling for the High to come into place on May 8th and the model clearly remains down until late August, it seems to indicate that we are going into a prolonged corrective pattern. However, I will let the market tell its story and simply follow what it is telling me.