Now is the time for a major correction which has been delayed.

The larger the rally is, the more time it takes for the ensuing correction to find a new floor.

I think the Nasdaq is playing catch-up, because we have had a full blown correction in most of the major indexes, but the Nasdaq hung up there I think toward participating fully,

We've climbed very quickly and strongly so prices are ready for a correction. The fundamentals haven't really changed. The crude market in the Atlantic basin is well supplied.

The fact that we have gone three years without a correction tells me we are overdue for one. Markets don't go in one direction without interruption.

Correcting with love is ten times more effective than correcting with hatred.