Are we there yet ???

Yes we are...

Based upon all indicators, correction is upon us. Hope you took your profit recently as the ride could be very interesting as i expect a great opportunity to buy stock at a really cheap price.

Watch: LVS ETFC OCNF and PXLW.

The fundamentals have not changed : only many will take their profit this friday and i would not be surprised if it would be going into monday.

Asian markets are already on the move. Yesterday the Hang Seng and tonight the Nikkei are on the down side. SO what do you do if you did not took any profit ?

It's not a crash only a minor correction and because the fundamentals have not changed, they will eventually come back probably around mid october during earning season.

It would not be the right time to sell at the opening tomorrow morning as it could be really bad. Just wait 20-30 minutes before taking any decision. If market open REALLY lower then rebound a bit, watch for a change in trend. If markets DOES not stay on the upside be ready for the correction and as of tonight, i would expect over 300 points.

Then it's not also the right timing to buy unless the drop is a lot more than 400 followed by a 15 to 30 minutes stabilisation then going upward. Otherwise wait for the market answer on monday and again do not buy at the opening unless another huge drop happen. WAIT for markets to stabilizes or still climbing after 30 minutes of trading. Then enjoy shopping for real cheap stock with profit you took from last week. If monday's opening is really bad (another 300 points or more) then it will be the right time as market will not suffer a 600 points drop.

So, i would be a buyer at 500 points combining friday and monday. If it drops 500 tomorrow, then GO if less than 300 WAIT for monday.

Enjoy the ride as it could be a great one.

Good evening.