Correction has started and I see two possible scenarios.. There's not much to do now except waiting for the right setup to buy in again.
1. Price drop rapidly next week culminating in panic selling. Like HSI drop 1000 points DJ drop 300-500 points. Look for the counter that drop the most drastic and be quick to get out if wrong.
2. Over 1-2 weeks price rally and break short-term resistance, then drop to break new low on that resistance-turn-support. Look out for stocks stronger than index to long on the 2nd breakout.
