Short Term Alert: Sell signal if more downside

For the short term, with Friday sell-off and today's current weakness should very likely give a sell signal. With the very strong rally coming off from February to early April, which based on breadth-wise comparative to internal strengths witnessed in April and August of 2009...these types of rally usually hinted continued strength forward to 6 and 12 months later. That's been the case for the first 2 scenarios. So even though we could be in for a short term weakness (or worst case a medium term correction of over +5% to 10%) which could be similar to the January correction, but 6 to 12 months forward the market should likely be higher or near current price levels.