Market Top is forming this week

The market is ripe to drop huge over the next few weeks as a gigantic top is being formed at the moment.

The pillars of the top are 1. Complacency among bulls 2. Lack of improvements in top line earnings 3. A trend change in the dollar 4. Reintroduction of fear due to nonexistent job growth, swine flu, and a double dip recession 5. An abundance of weak longs buying based on performance chasing, not a belief that economy is better or stocks are cheap

By November, I expect the S&P to be trading under 1000 as the bulls remain complacent. Also commodities should sell off on a dollar rally and equity selloff. There are too many bulls in commodities in contrast to the bearish fundamentals.