What time is the end of this correction - close remarks

1. The correction has been 4 days now. Each day a new lower low has been created, and no new higher high. The initial uptrend from march has been reversed to a down trend since Last Thursday (May 7)

2. Today, the 5/10 MA formed a dead crossing, which is not good for bulls. However, the 200MA still holds the bulls very well.

3. We have predicted the market top last Thursday in our blog (see previous posts), hope you don't have much loss due to the correction.

4. Now, when is the end of this correction? IF 200MA is broken down, I would say 50MA is the next possible support level. Also, MACD may come down to the zero axis.

5. Although QID didn't breakout 38 well, but still holds above the golden crossing very well, so I am
still holding the initial QID position. IF QID loses the golden cross in the chart below. I plan to exit the QID position.

6. So now we are in a correction and a downtrend, just need to wait for the end of this downtrend and be bull again, another leg up in the near future is very possible and expectable.