Equities Continue to Tread Water

There still remains little doubt in my mind that the next major move in the equity markets will be down. The hedge we put in place should remain in place.

It is important to remember also that the down move that is on its way will be nothing more than a correction in an ongoing bull market. The long term indicators are still very bullish!!

As this market continues to chop around and go nowhere, the possibility of a mini crash. Look for a correction of at least 10% in the near future.