So far so good today

So far so good today!

The market has entered the correction since the warning last week. I hope you have lightened your long positions or built up some hedging positions. It's not very clear so far if my predicted target, S&P 500 about 1050, will be reached. However, it's crystal clear that the down trend and the market correction is in a pretty good shape, no signs for a reversal yet.

But, don't get confused ! We are still in a Bull market. This correction just provides some good opportunities to add more positions or to buy back the long positions that are sold at the ~1100 level.

I am hoping this correction could be a deep one, just like the correction we got in June and July this year.  But that's just the hope ! let's see if Mr. Market hits 1050 first, then talk more about it from there.

Here is the link to my previous important predictions and analysis.

This post is an important one for  a long term prediction on the market development. So far, Mr. Market seems walking in the case 2.