a major correction

A major correction in the market began today with falls across the market with few spared.

This will last imo for 10 days with all sectors falling save and except for defensives....ie Wollies etc.

Still believe a major fall will occur toward the end of this month which will wipe out all the gains for '09 and when some.

IMO gold will also be defence against hungry bears with selected gold stocks in vogue.

Also imo aussie dollar to retrace to low .60's and settle at around .62 to .63 to the US.

All Ords will imo hit 2500 mid May imo.

The bears will return hungry as ever.