I expected the market to start its next leg down in Mid-August once the peak selling season ended. The events of the last 2 weeks only add the downward pressures on the market. Looking at this my mind tells me we should start a quicker decline but experience with the stickiness fo prices says otherwise. Anything could happen but for now I am sticking with my prediction from January which was 5 to 10% decline this year will essentially all of it coming between August 15th and November 30th.
