Is This a Top In The Bull Market?

I spent the better part of last week looking at charts and going through value screens looking for something to buy.
There is a lot less there than there was even a year ago.
Investors have gone down the value chain buying up mid-caps, then small-caps, then biotechs. Now the fast money has been moving into penny stocks.
If you look at the S&P 500, you will notice that every two and a half months (with the exception of November, when the market simply consolidated for two months), we experience a (5%, +/-) correction.

This correction has been foretold by a MACD crossover that was well above the zero line. Contrarily, the time to buy has been on the dips, when the MACD is below the zero line.  (more)
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