Predicted Retracement Happening...

The retracement which I called for a few days ago is happening as we speak. INTC and YHOO severely disappointed investors with their earnings announcements and the Japanese herd mentality from overnight didn't help either. The low end of the range in the SPX would be round 1,270; so we might see some pressure still in the days ahead, especially if it continues to be tech-driven (until now, the stellar outperformer of the year). Stay tuned, at least the markets are no longer boring!!