1. Today's market correction is very strong, and CSCO didn't got a chance to run on it's ER with a "beat". Instead, Sell in May become true.2. This correction is very due, and should be stronger and longer before the Bull can pick up and run longer
3. However, the bears need follow through to confirm the correction is real
4. If tomorrow QID can break out 38, It will probably run to 40, so a good chance to catch some trading opportunities here.
5. Tomorrow and Monday will be critical for Bears to push down the market in order to get a substantial correction.
6. Personally, I think today is the end of the Rally since Much, the correction may continue to the end of May....
7. After this correction, The bulls may continue to run up and test DOW 10000, around August ...
8. Then a big down is coming after that ....
I will write up some big market picture predictions later once got the time ...
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