[gbarbs]

Interestingly now looks like it could match either early 2008, before the big drop or late 2011 where the bull market seemed to have a wobble and resume. At present major indices seem to be climbing back up to their 50 day simple moving averages. I'm just keen that the whole thing picks a direction and does it. Sooner it does that the sooner normal service resumes!

If only it were that easy eh! Like you said, there's a chance it's only a significant Stage 4 correction like in 2011, and the bull may reassert itself, or we could be seeing the start of the last sucker rally before another plunge into a more serious Stage 4 decline like Shaun has highlighted. So imo it continues to be a short term traders market with continued volatility likely, and so as an investor I'll be sitting on the sidelines until the medium term signs that I'm looking for start to appear. If Shauns right then that could be a long while yet.

In 2011 we did not have a zero crossing of the MI. Since its been positive for such a long time, the zero cross carries more significance now, and it has also occurred.