Thank you Mike for your P&F diagram and explanations.

I have read on P&F and it is quite amazing how often they are accurate.

Overall, I have notice the same things you have pointed out about the market and share your views.

Since I am a true believer in the 17 yrs cycle, I believe that we will get a significant new bottom in the next few years before a new long term bull market emerges. The coming correction could be the start of that move.

Normand