Correction in Equities is likely to continue

I expect a very sharp drop of about 6-8% in G7 equities, which should be used as an opportunity to scale into longs.

Beware, shorting at this stage is a very dangerous game, as rallies off medium-term bottoms tend to be fierce.

I maintain a strong bullish medium-term bias, and believe that the trend has changed to positive until about April. A number of large cap stocks in Europe and the US look particularly good. I've added GE to a list of names I will be looking to buy.

The USD is putting in a medium-term top. CHF looks like it will be one of the stronger currencies, as it looks bullish against USD, EUR & GBP.