Correction in Equities is likely to continue.

The intermediate "b" wave is likely complete, and equity markets should now fall, but probably will hold above November lows. Depending on how/if they fall, it will be possible to call an end to this correction and begin scaling into longs.

I have been scaling back into my shorts through yesterday afternoon, however at this late stage of the game, and just before what I think will be a powerful rally, I decided to keep the shorts quite small.

I am looking to add high dividend paying stocks to my portfolio, among them the British bank Lloyds TSB.