The move down from today's high in the Dow appeared to be impulsive, but is it the beginning of a correction or the end of a flat correction? I don't know, but a correction will occur and I will wait for it. Either the markets will continue higher into the end of the month and then correct or the correction is underway now. Even the huge move off of the September 2001 low consolidated sideways for several days after an 18 day initial rally. In fact, the Dow moved sideways in a flat correction for 11 days.
If you see a great setup, take it, but I recommend stepping in a little at a time until we get the correction.
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