corrections

i got some feedback over mail that index should be shorted at this level and larger correction is due especially after some intraday selloff.

the fear of corrections is the steam of this rally,actually. at every level a trend reversal is expected based on some wave count labels.the price action is suggestive of anything but a trend reversal. corrections cannot be ruled out. however not every intraday corrective move is the onset of larger correction.

and really shorting is just not warranted at all.

settlement is near.stocks will not correct by much till then.